On May 9, 2024, Blackwells Capital LLC announced that it has released a second investor presentation with shareholders of Ashford Hospitality Trust Inc, mentioned that the board?s lack of alignment with stockholders, its poor corporate governance practices and its collection of directors, who it believes has directly contributed to the destruction of value to the Company stockholders. In addition, Blackwells Capital recommended the shareholders of the Company to vote against the Company board nominees Monty J. Bennett, Amish Gupta, J. Robison Hays, III, Kamal Jafarnia, David W. Johnson, Frederick J. Kleisner, Sheri L. Pantermuehl, Davinder ?Sonny? Sra and Alan L. Tallis, at the 2024 annual meeting of shareholders scheduled to be held on May 14, 2024.