---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-26-000013"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:36:24.062450+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels updates preferred dividend process; no 2026 common dividend due to ongoing sale

## Summary
- Series B and D preferred dividends now 'reserved' monthly alongside Series E and M instead of declared quarterly.
- Dividend calculation rates unchanged for all series of preferred stock.
- No 2026 common dividend policy declared because of ongoing Company Sale Process.
- Monthly reserving ensures equitable treatment across all preferred series per distribution parity requirements.
- New process provides flexibility for potential strategic transactions during a quarter (e.g., redemption/conversion).

## SEC filing metadata
- accession: 0001574085-26-000013
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000013/0001574085-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000013/bhr-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000013
- JSON: https://secwatch.observer/filing/0001574085-26-000013.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.