ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM
Ashford Hospitality Trust announced that its advisor Ashford Inc. will irrevocably waive roughly $17 million of base and incentive advisory fees accruing from November 2026 through April 2027, worth about $2.60 per common share. Ashford Inc. also committed to purchase 2.5% of AHT's outstanding shares (about 162,000 shares) in the open market each quarter, with a penalty fee credit of 150% of VWAP for any shares it fails to buy.
Key figures
- Deal Value Usd
- 17000000
- Shares Offered
- approximately 162,000 shares per quarter (Ashford Inc. purchase commitment)
- Waiver period
- November 2026 through April 2027
- Agreement term
- up to three years
- Shortfall penalty
- fee credit of 150% of VWAP per unpurchased share
- Shares outstanding
- approximately 6.47 million
- Fee waiver per share
- $2.60 per common share
- Quarterly purchase pct
- 2.5% of outstanding common stock
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.