On March 29, 2024, Blackwells Capital LLC announced that it has filed a supplement to its notice of intention to nominate individuals for election as directors and to submit business proposals for stockholder consideration at the 2024 annual meeting of stockholders of Braemar Hotels & Resorts Inc, dated March 10, 2024, and supplemented on March 26, 2024, and March 27, 2024. In addition, Blackwells Capital stated that the Supplement should be read in conjunction with, and deemed to be a part of, the Nomination Notice, however, to the extent the following information differs from, updates or conflicts with information contained in the Nomination Notice for which the Bylaws may be properly interpreted to request supplemental information be provided to the Corporation following a stockholder?s submission of notice of intent to nominate persons for election and submit proposals for stockholder consideration, the supplemental information below is more current and reflects information as of the date of this Supplement.