On May 2, 2024, Blackwells Capital LLC and Blackwells Onshore I LLC have filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its campaign urging stockholders to vote against the election of Monty J. Bennett, Amish Gupta, J. Robison Hays, Kamal Jafarnia, David W. Johnson, Frederick J. Kleisner, Sheri L. Pantermuehl, Davinder ?Sonny? Sra, and Alan L. Tallis to Ashford Hospitality Trust, Inc.?s Board of Directors at the Company?s 2024 annual meeting of stockholders, which is scheduled to be held on May 14, 2024.