Following the spin-off, Ashford Trust's shares of common stock will continue to trade on the NYSE under the ticker symbol "AHT." Ashford Prime intends to have its common stock listed on the NYSE under the symbol "AHP." An information statement concerning the details regarding the distribution of Ashford Prime common stock and its business and management following the spin-off will be mailed to Ashford Trust stockholders prior to the Distribution Date.Beginning on or about November 6, 2013 and continuing through the Distribution Date, it is expected that there will be two markets in Ashford Trust common stock: a "regular-way" market under the symbol "AHT," and an "ex-distribution" market under the symbol "AHT WI." Shares of Ashford Trust common stock that trade in the "regular-way" market will trade with an entitlement to shares of common stock of Ashford Prime distributed pursuant to the spin-off. Thus, Ashford Trust common stock purchased in the "regular-way" market up to the November 19, 2013 Distribution Date will trade with an entitlement to shares of the common stock of Ashford Prime distributed pursuant to the spin-off, and Ashford Trust shareholders who sell shares of Ashford Trust common stock in the "regular-way" market up to and including the Distribution Date will be selling their right to receive shares of the common stock of Ashford Prime in the spin-off. Shares that trade in the "ex-distribution" market will trade without an entitlement to shares of the common stock of Ashford Prime distributed pursuant to the spin-off. A purchaser of Ashford Trust common stock after the close of business on the Record Date who purchases those shares in the "ex-distribution" market up to and including the Distribution Date will not receive the shares of common stock of Ashford Prime distributed with respect to those shares of Ashford Trust common stock. Ashford Trust stockholders are encouraged to consult with their financial advisors regarding the specific implications of buying or selling Ashford Trust common stock on or before the Distribution Date.
Ashford Trust Sets Record Date And Distribution Date For Spin-Off Of Ashford Prime
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