Ashford Hospitality Trust Announces $17M Fee Waiver and Quarterly Share Buybacks
Ashford Hospitality Trust (AHT) has announced that its parent company, Ashford Inc., will waive approximately $17 million in advisory fees from November 2026 through April 2027. This waiver is expected to save about $2.60 per common share and does not require repayment. In addition, AHT plans to repurchase shares equivalent to 2.5% of its outstanding common stock each quarter starting with an initial commitment of approximately 162,000 shares due by March 31, 2027. The company also terminated its at-the-market (ATM) equity offering program as part of these strategic moves to enhance shareholder value. These actions reflect a broader effort to improve financial efficiency and return capital directly to shareholders through buybacks rather than issuing new shares or paying advisory fees.
Topics: corporate restructuring fee waiver stock buyback
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Part of the story Ashford Hospitality Trust Announces $17M Advisory Fee Waiver, Share Purchase Agreement with Ashford Inc., and Termination of ATM Program (2 articles)