Ashford Hospitality Trust Announces Tax Reporting Information for 2008 Common and Preferred Share Distributions.DALLAS -- Ashford Hospitality Trust, Inc. (NYSE NYSE See: New York Stock Exchange : AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug ) today announced the tax reporting (Federal Form 1099-DIV Form 1099-DIV A form sent to investors by investment fund companies. The form is a record of all taxable capital gains and dividends paid to an investor, including those that have been re-invested in a given taxation year. ) information for the 2008 distributions on its common shares and its Series A and D preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. . The income tax treatment for the 2008 distributions for Ashford Hospitality Trust, Inc. Common Stock CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #044103109 traded on the NYSE under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "AHT" is as follows: [TABLE OMITTED] 100% of the common share distribution declared in December 2007 and paid out in January 2008 is subject to taxation in 2008. The income tax treatment for the 2008 distributions for Ashford Hospitality Trust, Inc. Series A Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. CUSIP #044103208 traded on the NYSE under ticker symbol "AHT-A" is as follows: [TABLE OMITTED] The income tax treatment for the 2008 distributions for Ashford Hospitality Trust, Inc. Series D Preferred Stock CUSIP #044103406 traded on the NYSE under ticker symbol "AHT-D" is as follows: [TABLE OMITTED] (a) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain distribution. None of the dividends classified above as Ordinary Taxable Dividends represent "qualified dividend income" and therefore is not eligible for reduced rates. The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax effects of these dividends. Ashford currently has $185 million of free cash on hand, with a weighted-average cost of debt at 3.340%. Ashford has one hard debt maturity of $29M in 2009 and one hard debt maturity of $75M in 2010. All other debt maturities occur in 2011 and beyond. Ashford Hospitality Trust is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans and sale-leasebacks transactions. Additional information can be found on the Company's web site at www.ahtreit.com. |
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