ASHFORD HOSPITALITY TRUST ANNOUNCES CLOSING OF NON-TRADED PREFERRED STOCK OFFERING
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Ashford Hospitality Trust, Inc. (NYSE: AHT) announced the closing of its Series J and Series K non-traded preferred stock offering, raising approximately $180 million since 2022. The offering will close on March 31, 2025.
December 03, 2024 | 1:15 pm
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Ashford Hospitality Trust is closing its Series J and K non-traded preferred stock offering, having raised $180 million. This could impact the company's capital structure and financial flexibility.
The successful closing of the preferred stock offering indicates strong investor interest and provides Ashford Hospitality Trust with additional capital. This can enhance the company's financial flexibility and potentially support future growth initiatives, positively impacting the stock price in the short term.
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