Ashford surges after creating unit for capital raise plan

Ashford

25/09/2019 15:29

** Ashford Inc  AINC.A  up 9.93% at $22.15, on pace for best
one-day pct gain since Jun 17
    ** Co said it has formed Ashford Securities LLC to "raise
capital and grow its existing and future platforms."
 urn:newsml:reuters.com:*:nFWN26G07J
    ** Ashford Securities to raise capital including, but not
limited to, preferred equity, convertible preferred equity,
mezzanine debt or non-traded REIT common equity
    ** Co said Ashford Securities is not raising common equity
for Ashford Inc or its existing platforms of Ashford Hospitality
Trust  AHT.N , up 0.94% and Braemar Hotels  BHR.N , up 0.95%   



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