ASHFORD HOSPITALITY TR INC

CUSIP: 044103109 Class: COM SHS

Advisors Capital Management, LLC's Holding History (CIK: 0001345576)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013
Shares 354,179 Value ($000) $2,933 Avg Close — Range —
Q3 2013
Shares 330,113 Value ($000) $4,074 Avg Close — Range —
Q2 2013
Shares 280,402 Value ($000) $3,211 Avg Close — Range —