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Ashford Hospitality Trust Inc. (NYSE:AHT) announced that its Board of Directors has authorized the reinstatement of the Company's Stock Repurchase Program with a $141.6 million increase, bringing the total authorization to $200 million (excluding fees, commissions and all other ancillary expenses). The plan provides for: the repurchase of shares of the Company's common stock, Series A preferred stock, Series D preferred stock and Series E preferred stock, and /or discounted purchases of outstanding debt obligations of the Company and its subsidiaries, including debt secured by the Company's hotel assets.
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(AHT, GBLHF, IAG, MJGCF, MDU) Stock Report from Stock-PR.com
September 29th, 2011 at 11:05 am