ITEM 7.01 REGULATION FD DISCLOSURE.
On January 11, 2023, Braemar Hotels & Resorts Inc. (the "Company") issued a
press release announcing that its Board of Directors:
a) declared a quarterly cash dividend of $0.05 per diluted share for the
Company's common stock for the first quarter ending March 31, 2023. This
dividend is payable on April 17, 2023, to stockholders of record as of March 31,
2023;
b) declared a quarterly cash dividend for the first quarter ending March 31,
2023, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative
Convertible Preferred Stock. This dividend is payable on April 17, 2023, to
stockholders of record as of March 30, 2023;
c) declared a quarterly cash dividend for the first quarter ending March 31,
2023, of $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative
Preferred Stock. This dividend is payable on April 17, 2023, to stockholders of
record as of March 31, 2023;
d) declared a monthly cash dividend for the Company's Series E Redeemable
Preferred Stock equal to a quarterly rate of $0.4844 per share, payable as
follows: $0.1614 per share will be paid on February 15, 2023 to stockholders of
record as of January 31, 2023; $0.1614 per share will be paid on March 15, 2023
to stockholders of record as of February 28, 2023; and $0.1614 per share will be
paid on April 17, 2023 to stockholders of record as of March 31, 2023;
e) declared a monthly cash dividend for CUSIPs 10482B705, 10482B887 and
10482B796 of the Company's Series M Redeemable Preferred Stock equal to a
quarterly rate of $0.5188 per share, payable as follows: $0.1729 per share will
be paid on February 15, 2023 to stockholders of record as of January 31, 2023;
$0.1729 per share will be paid on March 15, 2023 to stockholders of record as of
February 28, 2023; and $0.1729 per share will be paid on April 17, 2023 to
stockholders of record as of March 31, 2023; and
f) declared a monthly cash dividend for all remaining CUSIPs of the Company's
Series M Redeemable Preferred Stock equal to a quarterly rate of $0.5125 per
share, payable as follows: $0.1708 per share will be paid on February 15, 2023
to stockholders of record as of January 31, 2023; $0.1708 per share will be paid
on March 15, 2023 to stockholders of record as of February 28, 2023; and $0.1708
per share will be paid on April 17, 2023 to stockholders of record as of March
31, 2023.
As of December 31, 2022, there were 12,656,529 shares of the Company's Series E
Redeemable Preferred Stock and 1,428,332 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 January 11, 2023, 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)
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BRAEMAR HOTELS & RESORTS INC. 
