Chesapeake Lodging Trust Announces 2016 Dividend Income Tax Treatment
28 January 2017 - 12:29AM
Business Wire
Chesapeake Lodging Trust (NYSE:CHSP) announced today the
estimated income tax classification of the Trust’s 2016
distributions on its common shares (CUSIP #165240102) and preferred
shares (CUSIP #165240201). The income tax classification of the
2016 distributions as it is expected to be reported on Form
1099-DIV is set forth in the following tables:
COMMON SHARES(1):
Declaration
Date
Record
Date
Payment
Date
Total Cash
Distribution
Per Share
Ordinary
Taxable
Dividend
Total
Capital Gain
Distribution
Unrecaptured
Section 1250
Gain(2)
Return of
Capital
12/17/2015 12/31/2015 01/15/2016 $0.400000 $0.353750
$0.002257 $0.000166 $0.043993 03/16/2016 03/31/2016 04/15/2016
0.400000 0.353750 0.002257 0.000166 0.043993 05/17/2016 06/30/2016
07/15/2016 0.400000 0.353750 0.002257 0.000166 0.043993 09/19/2016
09/30/2016 10/14/2016
0.400000 0.353750
0.002257 0.000166 0.043993
Totals
$1.600000 $1.415000
$0.009028 $0.000664
$0.175972
PREFERRED SHARES:
Declaration
Date
Record
Date
Payment
Date
Total Cash
Distribution
Per Share
Ordinary
Taxable
Dividend
Total
Capital Gain
Distribution
Unrecaptured
Section 1250
Gain(2)
Return of
Capital
03/16/2016 03/31/2016 04/15/2016 $0.484375 $0.481304
$0.003071 $0.000226 $0.000000 05/17/2016 06/30/2016 07/15/2016
0.484375 0.481304 0.003071 0.000226 0.000000 09/19/2016 09/30/2016
10/14/2016 0.484375 0.481304 0.003071 0.000226 0.000000 12/15/2016
12/30/2016 01/13/2017
0.484375 0.481304
0.003071 0.000226 0.000000
Totals
$1.937500 $1.925216
$0.012284 $0.000904
$0.000000 _______________
(1)
Common shareholders should note that the
fourth quarter 2016 distribution, which had a record date of
December 30, 2016 and was paid on January 13, 2017, will be
reported on the 2017 Form 1099-DIV to be provided to shareholders
in January 2018.
(2)
Unrecaptured Section 1250 Gain is a subset
of, and included in, Total Capital Gain Distribution.
This release is based on the preliminary results of work on the
Trust’s tax filings and is subject to correction or adjustment when
the filings are completed. The Trust is releasing information at
this time to aid those required to distribute Forms 1099 on the
Trust’s distributions. No material change in these classifications
is expected. Shareholders are encouraged to consult with their own
tax advisors as to the specific tax treatment to them of the
Trust’s distributions.
ABOUT CHESAPEAKE LODGING TRUST
Chesapeake Lodging Trust is a self-advised lodging real estate
investment trust (REIT) focused on investments primarily in
upper-upscale hotels in major business and convention markets and,
on a selective basis, premium select-service hotels in urban
settings or unique locations in the United States. The Trust owns
22 hotels with an aggregate of 6,694 rooms in nine states and the
District of Columbia. Additional information can be found on the
Trust’s website at www.chesapeakelodgingtrust.com.
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Chesapeake Lodging TrustDouglas W. Vicari (410) 972-4142
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