BRAEMAR HOTELS & RESORTS ANNOUNCES TAX REPORTING INFORMATION FOR 2022 COMMON AND PREFERRED STOCK DISTRIBUTIONS

DALLAS, January 26, 2023 /PRNewswire/ — Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today announced tax reporting information (Federal Form 1099-DIV) for 2022 distributions on its common shares and its Preferred Share series B, D, E and M.

The amounts below represent the tax treatment applicable to each distribution to be declared in 2022. Preferred distributions paid by the Company on January 18, 2022 to shareholders registered in December 31, 2021 are to be declared in 2022. Ordinary and preferred distributions paid by the Company on January 17, 2023 to shareholders registered in December 30, 2022 will be declared in 2023.

The 2022 tax treatment of common stock of Braemar Hotels and Resorts Inc. CUSIP #10482B101 trading on the NYSE under the symbol “BHR” is as follows:

The tax treatment of 2022 distributions for Braemar Hotels and Resorts Inc. Series B Cumulative Convertible Preferred Stock CUSIP #10482B200 traded on the NYSE under the symbol “BHRPrB” is as follows:

The tax treatment of 2022 distributions for Braemar Hotels and Resorts Inc. Cumulative Preferred Share Series D CUSIP #104823B09 trading on the NYSE under the symbol “BHRPrD” is as follows:

The tax treatment of 2022 distributions for Series E redeemable preferred shares of Braemar Hotels and Resorts Inc. (CUSIP #10482B606, 10482B804, 10482B812, 10482B879, 10482B788 and 10482B853) is as follows:

Distributions per share reflect the annual rate per share for distributions to be declared in 2022.

The tax treatment of 2022 distributions for Braemar Hotels and Resorts Inc. Series M Redeemable Preferred Stock (CUSIP #10482B705) is as follows:

The tax treatment of 2022 distributions for Braemar Hotels and Resorts Inc. Series M Redeemable Preferred Stock (CUSIP #10482B887) is as follows:

The tax treatment of 2022 distributions for Braemar Hotels and Resorts Inc. Series M Redeemable Preferred Shares (CUSIP #10482B796, 10482B861, 10482B770 and 10482B846) is as follows:

Distributions per share reflect the annual rate per share for distributions to be declared in 2022.

The Company encourages shareholders to consult their own tax advisors regarding the federal, state, local and foreign tax consequences of such dividends.

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Braemar Hotels & Resorts is a Real Estate Investment Trust (REIT) focused on investing in luxury hotels and resorts.

Forward-looking statements

Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include , among other things, statements about the Company’s strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words “probably will result”, “may”, “anticipate”, “estimate”, “should”, “expect”, “believe”, “intend”, or similar expressions, we have intent to identify statements. Such statements are subject to numerous assumptions and uncertainties, many of which are beyond Braemar’s control.

These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: the impact of COVID-19, and the rate adoption and effectiveness of vaccines to prevent COVID-19, our business and investment strategy; our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries; planned or expected purchases or sales of assets; our projected operating results; the completion of any pending transactions; risks associated with our ability to implement our dividend policy, including factors such as operating results and the economic outlook influencing our board’s decision to pay additional dividends at previously disclosed levels or use cash available to pay dividends; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility in financial markets and the market price of our common stock and preferred stock; the availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are discussed more fully in Braemar’s filings with the Securities and Exchange Commission.

Forward-looking statements included in this press release speak only as of the date of this press release. These forward-looking statements are based on our beliefs, assumptions and expectations regarding our future performance taking into account all information currently available to us. These beliefs, assumptions and expectations may change due to many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans and other objectives may differ materially from those expressed in our forward-looking statements. You should carefully consider this risk when making an investment decision regarding our securities. Investors should not place undue reliance on these forward-looking statements. The Company cannot guarantee that these forward-looking statements will be achieved or that no deviations will occur. We are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise, except to the extent required by law. law.

SOURCE Braemar Hotels & Resorts Inc.