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"When-issued" trading of Ashford Prime begins

  • Ashford Trust (AHT +0.5%) announces the commencement of trading of "when-issued" shares of spinoff Ashford Prime (AHP). The spinoff itself will be completed through a dividend of Ashford Prime common stock at the close of business on Friday, with each owner receiving one share of AHP for every five shares of AHT they own.
  • Press release.
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