ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2025 (Form 8-K)

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS

FOR THE THIRD QUARTER OF 2025

DALLAS, July 11, 2025 - Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the third quarter ending September 30, 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025.

The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the third quarter ending September 30, 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025.

The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series G Cumulative Preferred Stock for the third quarter ending September 30, 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025.

The Board declared a dividend of $0.46875 per diluted share for the Company's 7.50% Series H Cumulative Preferred Stock for the third quarter ending September 30, 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025.

The Board declared a dividend of $0.46875 per diluted share for the Company's 7.50% Series I Cumulative Preferred Stock for the third quarter ending September 30, 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for all CUSIPs of the Company's Series J Redeemable Preferred Stock payable as follows: $0.16667 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.16667 per share will be paid on September 15, 2025 to stockholders of record as of August 29, 2025; and $0.16667 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for CUSIPs 04410D867, 04410D792, 04410D727 and 04410D651 of the Company's Series K Redeemable Preferred Stock payable as follows: $0.17500 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.17500 per share will be paid on September 15, 2025 to stockholders of record as of August 29, 2025; and $0.17500 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for CUSIPs 04410D578, 04410D511, 04410D438 and 04410D362 of the Company's Series K Redeemable Preferred Stock payable as follows: $0.17292 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.17292 per share will be paid on September 15, 2025 to stockholders of record as of August 29, 2025; and $0.17292 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series K Redeemable Preferred Stock payable as follows: $0.17083 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.17083 per share will be paid on September 15, 2025 to stockholders of record as of August 29, 2025; and $0.17083 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for all CUSIPs of the Company's Series L Redeemable Preferred Stock payable as follows: $0.15625 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.15625 per share will be paid on September 15, 2025 to stockholders of record as of August 29, 2025; and $0.15625 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

The Board declared a monthly cash dividend for all CUSIPs of the Company's Series M Redeemable Preferred Stock payable as follows: $0.16042 per share will be paid on August 15, 2025 to stockholders of record as of July 31, 2025; $0.16042 per share will be paid on September

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15, 2025 to stockholders of record as of August 29, 2025; and $0.16042 per share will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.

As of June 30, 2025, there were 7,699,923 shares of the Company's Series J Redeemable Preferred Stock, 747,299 shares of the Company's Series K Redeemable Preferred Stock, 112,181 shares of the Company's Series L Redeemable Preferred Stock and 145,232 shares of the Company's Series L Redeemable Preferred Stock issued and outstanding.

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Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.