"When-issued" trading of Ashford Prime begins

|About: Ashford Hospitality Trus... (AHT)|By:, SA News Editor

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.