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Filing Details

Accession Number:: 0000919574-25-001526
Form Type:: 13G Filing
Publication Date:: 2025-02-13 19:00:00

Filed By:: INFRASTRUCTURE CAPITAL ADVISORS, LLC
Company:: Rlj Lodging Trust (NYSE:RLJ)
Filing Date:: 2025-02-14
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Beneficially Owned Number of Aggregate Shares	Percent of Class
INFRASTRUCTURE CAPITAL ADVISORS, LLC	0	0.0%
VIRTUS INFRACAP U.S. PREFERRED STOCK ETF, A SERIES OF ETFIS SERIES TRUST I	1,367,150	10.6%
JAY HATFIELD	0	0.0%
INFRACAP EQUITY INCOME FUND ETF, A SERIES OF SERIES PORTFOLIOS TRUST	46,286	0.4%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

RLJ Lodging Trust

(Name of Issuer)

$1.95 Series A Cumulative Convertible Preferred Shares, par value $0.01 per share

(Title of Class of Securities)

74965L200

(CUSIP Number)

12/31/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

74965L200

Names of Reporting Persons

INFRASTRUCTURE CAPITAL ADVISORS, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.0 %

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No.

74965L200

Names of Reporting Persons

VIRTUS INFRACAP U.S. PREFERRED STOCK ETF, A SERIES OF ETFIS SERIES TRUST I

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,367,150.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,367,150.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,367,150.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.6 %

Type of Reporting Person (See Instructions)

IV, OO

SCHEDULE 13G

CUSIP No.

74965L200

Names of Reporting Persons

JAY HATFIELD

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.0 %

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No.

74965L200

Names of Reporting Persons

INFRACAP EQUITY INCOME FUND ETF, A SERIES OF SERIES PORTFOLIOS TRUST

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 46,286.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 46,286.00

Aggregate Amount Beneficially Owned by Each Reporting Person

46,286.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.4 %

Type of Reporting Person (See Instructions)

IV, OO

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

RLJ Lodging Trust

(b)

Address of issuer's principal executive offices:

7373 WISCONSIN AVE, SUITE 1500, BETHESDA, MD, 20814

Item 2.

(a)

Name of person filing:

Infrastructure Capital Advisors, LLC Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I Jay Hatfield InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust

(b)

Address or principal business office or, if none, residence:

Infrastructure Capital Advisors, LLC 1325 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK, NY, 10019 Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I 1325 Avenue of the Americas, 28th Floor New York, New York 10019 United States of America Jay Hatfield 1325 Avenue of the Americas, 28th Floor New York, New York 10019 United States of America InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust 1325 Avenue of the Americas, 28th Floor New York, New York 10019 United States of America

(c)

Citizenship:

Infrastructure Capital Advisors, LLC - New York Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I - Delaware Jay Hatfield - United States InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust - Delaware

(d)

Title of class of securities:

$1.95 Series A Cumulative Convertible Preferred Shares, par value $0.01 per share

(e)

CUSIP No.:

74965L200

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Infrastructure Capital Advisors, LLC - 0 Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I - 1,367,150 Jay Hatfield - 0 InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust - 46,286

(b)

Percent of class:

Infrastructure Capital Advisors, LLC - 0.0% Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I - 10.6% Jay Hatfield - 0.0% InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust - 0.4%

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Infrastructure Capital Advisors, LLC - 0 Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I - 0 Jay Hatfield - 0 InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust - 0

(ii) Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of:

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

All of the shares of $1.95 Series A Cumulative Convertible Preferred Shares, par value $0.01 per share reported in this Schedule 13G are held in the accounts of Infrastructure Capital Advisors, LLC's clients, none of which, other than Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I, individually owns more than 5% of the $1.95 Series A Cumulative Convertible Preferred Shares, par value $0.01 per share.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

INFRASTRUCTURE CAPITAL ADVISORS, LLC

Signature:	By: /s/ Samuel Caffrey-Agoglia
Name/Title:	Samuel Caffrey-Agoglia, General Counsel and Chief Compliance Officer
Date:	02/14/2025

VIRTUS INFRACAP U.S. PREFERRED STOCK ETF, A SERIES OF ETFIS SERIES TRUST I

Signature:	By: /s/ Samuel Caffrey-Agoglia
Name/Title:	Samuel Caffrey-Agoglia, General Counsel and Chief Compliance Officer
Date:	02/14/2025

JAY HATFIELD

Signature:	By: /s/ Jay Hatfield
Name/Title:	Jay Hatfield
Date:	02/14/2025

INFRACAP EQUITY INCOME FUND ETF, A SERIES OF SERIES PORTFOLIOS TRUST

Signature:	By: /s/ Samuel Caffrey-Agoglia
Name/Title:	Samuel Caffrey-Agoglia, General Counsel and Chief Compliance Officer
Date:	02/14/2025

Exhibit Information

Exhibit A - Joint Filing Agreement