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Ashford Hospitality Trust Inc(AHT-N)
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ASHFORD TRUST ISSUES STATEMENT REGARDING CASH HOLDINGS

PR Newswire - Tue Mar 14, 2023

DALLAS, March 14, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") issued the following statement today:  In light of recent events in the banking industry, the Company thought it would be helpful to provide some clarity on its current cash holdings.  Currently, approximately 42% of the Company's cash is held in short-term U.S. Treasury Securities with maturity dates of less than 90 days.  Approximately 27% is held at commercial banks in Insured Cash Sweep ("ICS") accounts, which are fully insured by the FDIC.  Approximately 30% relates to property-level operating cash deposited with commercial banks that have been designated as a Global Systemically Important Bank ("G-SIB") by the Financial Stability Board ("FSB"). 

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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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