Braemar Hotels & Resorts Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
$BHR
Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): April 10, 2025
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (972 ) 490-9600
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Securities registered pursuant to Section 12(b) of the Act:
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ITEM 7.01 REGULATION FD DISCLOSURE.
On April 10, 2025, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.05 per diluted share for the Company’s common stock for the second quarter ending June 30, 2025. This dividend, which equates to an annual rate of $0.20 per share, is payable on July 15, 2025, to stockholders of record as of June 30, 2025.
The Board declared a quarterly cash dividend for the second quarter ending June 30, 2025, of $0.3438 per diluted share, for the Company’s 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025.
The Board declared a quarterly cash dividend for the second quarter ending June 30, 2025, of $0.5156 per diluted share, for the Company’s 8.25% Series D Cumulative Preferred Stock. This dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025.
The Board declared a monthly cash dividend for all CUSIPs of the Company’s Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on May 15, 2025, to stockholders of record as of April 30, 2025; $0.15625 per share will be paid on June 16, 2025 to stockholders of record as of May 30, 2025; and $0.15625 per share will be paid on July 15, 2025 to stockholders of record as of June 30, 2025.
The Board declared a monthly cash dividend for CUSIPs 10482B705, 10482B887, 10482B796, and 10482B861 of the Company’s Series M Redeemable Preferred Stock payable as follows: $0.17708 per share will be paid on May 15, 2025 to stockholders of record as of April 30, 2025; $0.17708 per share will be paid on June 16, 2025 to stockholders of record as of May 30, 2025; and $0.17708 per share will be paid on July 15, 2025 to stockholders of record as of June 30, 2025.
The Board declared a monthly cash dividend for all remaining CUSIPs of the Company’s Series M Redeemable Preferred Stock payable as follows: $0.17500 per share will be paid on May 15, 2025 to stockholders of record as of April 30, 2025; $0.17500 per share will be paid on June 16, 2025 to stockholders of record as of May 30, 2025; and $0.17500 per share will be paid on July 15, 2025 to stockholders of record as of June 30, 2025.
As of March 31, 2025, there were 13,909,632 shares of the Company’s Series E Redeemable Preferred Stock and 1,459,040 shares of the Company’s Series M Redeemable Preferred Stock issued and outstanding.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Number Exhibit Description
99.1 Press Release of the Company, dated April 10, 2025, furnished under Item 7.01, announcing the declaration of dividends
104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BRAEMAR HOTELS & RESORTS INC. | ||||||||
| Dated: April 10, 2025 | By: | /s/ Alex Rose | ||||||
| Alex Rose | ||||||||
| Executive Vice President, General Counsel & Secretary | ||||||||