Ashford Hospitality Trust Announces 1-for-10 Reverse Stock Split

Ashford Hospitality Trust has announced the approval of a reverse stock split, which will be implemented at a ratio of 1-for-10. This means that for every 10 shares of the company's common stock, shareholders will receive 1 share. The reverse stock split is set to take effect after the close of business on October 25, 2024. Following this adjustment, the company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) starting October 28, 2024. Consequently, the total number of outstanding shares will decrease from approximately 54.6 million to about 5.5 million.