SCHEDULE: RLJ Lodging Trust: Schedule 13G Amendment Filed

An amendment to Schedule 13G was filed on May 15, 2026, by Infrastructure Capital Advisors, LLC and related entities concerning RLJ Lodging Trust's Series A Cumulative Convertible Preferred Shares.

Summary

• This filing is an amendment to Schedule 13G, dated May 15, 2026, related to RLJ Lodging Trust's $1.95 Series A Cumulative Convertible Preferred Shares.
• Infrastructure Capital Advisors, LLC, Virtus InfraCap U.S. Preferred Stock ETF, Jay Hatfield, and InfraCap Equity Income Fund ETF are the reporting persons.
• Virtus InfraCap U.S. Preferred Stock ETF beneficially owns 1,877,007 shares, representing 14.90% of the class.
• InfraCap Equity Income Fund ETF beneficially owns 39,761 shares, representing 0.31% of the class.
• Infrastructure Capital Advisors, LLC and Jay Hatfield report 0 shares beneficially owned.
• All reported shares are held in client accounts, with Virtus InfraCap U.S. Preferred Stock ETF being the only entity individually owning more than 5%.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily serves as an update on beneficial ownership without providing new financial performance data or strategic shifts.

Positives

• Significant beneficial ownership reported by Virtus InfraCap U.S. Preferred Stock ETF (14.90%) and InfraCap Equity Income Fund ETF (0.31%) indicates active investment in RLJ Lodging Trust's preferred shares.
• The filing is an amendment, suggesting ongoing monitoring and adjustments to holdings by the reporting entities.

Negatives

• Infrastructure Capital Advisors, LLC and Jay Hatfield report no beneficial ownership, which could imply a reduced direct interest or a shift in strategy.
• The aggregate beneficial ownership reported by the entities is concentrated in specific funds, not broadly distributed across all reporting persons.

Risks

• The filing does not explicitly detail risks associated with the investment or RLJ Lodging Trust itself.
• Potential for changes in beneficial ownership or voting power among the reporting entities could impact the stability of holdings.

Future Outlook

No specific forward-looking statements or guidance are provided in this Schedule 13G amendment.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
• Infrastructure Capital Advisors, LLC is the relevant entity for which Jay Hatfield may be considered a control person.

Industry Context

StockSavvy.ai notes that this Schedule 13G amendment reflects significant holdings in preferred shares by investment management firms, a common strategy for income generation and capital preservation within the real estate investment trust (REIT) sector.

Stakeholder Impact

• Shareholders of RLJ Lodging Trust may note the significant holdings by investment funds, which could influence market perception and trading activity of the preferred shares.
• Creditors and other debt holders may observe the active participation of investment entities in the company's capital structure.

Next Steps

• Continued monitoring of RLJ Lodging Trust's preferred share class by the reporting entities.

Key Dates

Keywords

RLJ Lodging Trust, Schedule 13G, Amendment, Infrastructure Capital Advisors, Virtus InfraCap U.S. Preferred Stock ETF, InfraCap Equity Income Fund ETF, Preferred Shares, Beneficial Ownership, SEC Filing