March 1, 2017 / 9:56 PM / 5 months ago

BRIEF-Ashford Prime announces public offerings of preferred and common stock

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March 1 (Reuters) - Ashford Hospitality Prime Inc:

* Ashford Prime announces concurrent public offerings of 1,150,000 shares of convertible preferred stock and 5,750,000 shares of common stock

* Ashford Hospitality Prime Inc says dividends on preferred stock will accrue at a rate of 5.50pct on liquidation preference of $25.00 per share Source text for Eikon: Further company coverage:

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