Braemar Hotels and Resorts (NYSE: BHR) on Friday announced the tax reporting (Federal Form 1099-DIV) information for the 2019 distributions on its common shares and Series B and D preferred shares. According to the update, the common and preferred distributions that the company paid on January 15, 2020 to shareholders of record as of December 31, 2019 will be reportable in 2020. In addition, the update details Braemar’s distribution, on November 5, 2019, of its remaining shares of common stock in Ashford, Inc. (NYSE: AINC) to the common shareholders of record as of the close of business of the New York Stock Exchange on October 29, 2019 (each a “BHR Shareholder”). Per the update, BHR Shareholders were entitled to receive approximately 0.0047 shares of AINC common stock for every share of BHR common stock held as of October 29, 2019. For U.S. federal income tax purposes, Braemar is reporting the distribution of AINC common stock as a return of capital dividend.
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About Braemar Hotels & Resorts
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. For more information, visit www.BHRREIT.com.
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