Brief: Ashford Trust Issues Statement Regarding Cash Holdings

Ashford Hospitality Trust

14/03/2023 23:26

March 14 (Reuters) - Ashford Hospitality Trust Inc
 AHT.N :
    * ASHFORD TRUST ISSUES STATEMENT REGARDING CASH HOLDINGS
    * APPROXIMATELY 42% OF CO'S CASH IS HELD IN SHORT-TERM U.S.
TREASURY SECURITIES WITH MATURITY DATES OF LESS THAN 90 DAYS
    * APPROXIMATELY 27% IS HELD AT COMMERCIAL BANKS IN INSURED
CASH
SWEEP ("ICS") ACCOUNTS, WHICH ARE FULLY INSURED BY FDIC
    * ASHFORD HOSPITALITY TRUST - ABOUT 30% RELATES TO
PROPERTY-LEVEL
OPERATING CASH DEPOSITED WITH COMMERCIAL BANKS THAT HAVE BEEN
DESIGNATED AS G-SIB BY FSB

Source text for Eikon:  ID:nPn9d6PTFa 
Further company coverage:  AHT.N 

 ((Reuters.Briefs@thomsonreuters.com;))