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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