UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On April 29, 2022, the Board of Trustees of RLJ Lodging Trust (the “Company”) authorized the repurchase from time to time by the Company of some combination of outstanding common shares of the Company, par value $0.01 per share (the “Common Shares”), and outstanding $1.95 Series A Cumulative Convertible Preferred Shares of the Company, par value $0.01 per share (the “Preferred Shares”), having an aggregate purchase price not to exceed $250,000,000 (the “2022 Share Repurchase Program”). Pursuant to the 2022 Share Repurchase Program, repurchases of Common Shares and Preferred Shares, if any, are authorized to be made during the period beginning May 9, 2022 through and including May 8, 2023, through open market purchases, privately negotiated transactions or in such other manner as will comply with the provisions of the Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, subject to compliance with the Company’s existing credit facility or any other material agreement to which the Company is a party. Depending on market conditions and other factors, these repurchases may be commenced or suspended without prior notice.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RLJ LODGING TRUST | ||
| Date: May 4, 2022 | By: | /s/ Leslie D. Hale |
Leslie D. Hale President and Chief Executive Officer | ||