Hospitality trust, inc. (nyse:aht) announced the spin-off of remaining 7.8% stake in ashford inc. (amex:ainc) for $4.6 million.

Ashford hospitality trust, inc. (nyse:aht) announced the spin-off of remaining 7.8% stake in ashford inc. (amex:ainc) for $4.6 million on october 21, 2019. pursuant to the terms of the transaction, ashford hospitality trust, inc., will distribute the remaining 0.205 million ashford inc., shares. on the distribution date, each ashford trust stockholder will receive approximately 0.0017 share of ashford inc., common stock for every share of ashford trust common stock held by such stockholder on the record date which has been set to october 29, 2019. after the distribution, ashford trust will not have any ownership interest in ashford inc. the distribution is not contingent upon ashford inc.’s planned acquisition of remington holdings, l.p.’s hotel management business.
AHT Ratings Summary
AHT Quant Ranking