Ashford Trust Files Investor Presentation Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting
DALLAS, Sept. 25, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that it has filed a presentation with the U.S. Securities and Exchange Commission detailing why its Board of Directors has recommended that its common shareholders vote in favor of the two proposals at the Company’s upcoming Special Meeting. The presentation is available online at the Company’s website, www.ahtreit.com on the “Investor” page. The Company’s presentation also challenges the uninformed and misleading claims made by Cygnus Capital.
As the Company has discussed, the approval of both proposals is necessary to complete the Company’s proposed offers to exchange any and all shares of its preferred stock (the “Exchange Offers”). These strategic steps are crucial to the long-term viability of its business due to the severe impact of COVID-19 on the entire travel industry. As disclosed in the Company’s SEC filings, there is