Hersha Hospitality Trust Announces Dividend Classification for 2016
January 13 2017 - 4:05PM
Business Wire
Hersha Hospitality Trust (NYSE: HT, “Hersha” or “the Company”),
owner of upscale hotels in urban gateway markets, announced the tax
classification of its Priority Class A Common Share (“Common
Shares”), Series B Cumulative Redeemable Preferred Share (“Series B
Preferred Shares”), Series C Cumulative Redeemable Preferred Share
(“Series C Preferred Shares”) and Series D Cumulative Redeemable
Preferred Share (“Series D Preferred Shares”) distributions for
2016 for Federal income tax reporting purposes. The tax information
provided below should not be construed as tax advice and is not a
substitute for careful tax planning and analysis. Shareholders
should consult their tax advisors as to the tax treatment of the
distributions.
COMMON
SHARES
RecordDates
Paid Dates
TotalCash DistributionPer Share
TaxableOrdinaryIncome*
TotalCapital GainDistribution
UnrecapturedSec. 1250 Gain
NontaxableDistribution(Return
ofCapital)**
1/4/2016 1/15/2016 $ 0.2800 $ 0.280000 $ - $ - $ - 4/1/2016
4/15/2016 $ 0.2800 $ 0.280000 $ - $ - $ - 6/30/2016 7/15/2016 $
0.2800 $ 0.280000 $ - $ - $ - 10/3/2016 10/17/2016 $ 0.2800
$ 0.280000 $ - $ - $ - TOTAL $ 1.1200 $ 1.120000 $ - $ - $ -
Percent 100.00% 100.00% N/A N/A N/A The CUSIP number for
Hersha Hospitality Trust's Common Shares is 427825500.
SERIES B PREFERRED
SHARES
RecordDates
Paid Dates
TotalCash DistributionPer Share
TaxableOrdinaryIncome*
TotalCapital GainDistribution
UnrecapturedSec. 1250 Gain
NontaxableDistribution(Return of
Capital)
1/1/2016 1/15/2016 $ 0.5000 $ 0.5000 $ - $ - $ - 4/1/2016
4/15/2016 $ 0.5000 $ 0.5000 $ - $ - $ - 6/8/2016
(1)
6/8/2016
(1)
$ 0.3722 $ 0.3722 $ - $ - $ - TOTAL $ 1.3722 $ 1.3722
$ - $ - $ - Percent 100.00% 100.00% N/A N/A N/A (1) On June
8, 2016, Hersha Hospitality Trust redeemed all of its issued and
outstanding shares of 8.00% Series B Cumulative Redeemable
Preferred Stock. The Series B Preferred Shares were redeemed at a
per share redemption price of $25.00 together with accrued and
unpaid dividends to the redemption date for an aggregate per share
redemption of $25.3722. The CUSIP number for Hersha
Hospitality Trust's Series B Preferred Shares is 427825302.
SERIES C PREFERRED
SHARES
RecordDates
Paid Dates
TotalCash DistributionPer Share
TaxableOrdinaryIncome*
TotalCapital GainDistribution
UnrecapturedSec. 1250 Gain
NontaxableDistribution(Return of
Capital)
1/1/2016 1/15/2016 $ 0.4297 $ 0.4297 $ - $ - $ - 4/1/2016
4/15/2016 $ 0.4297 $ 0.4297 $ - $ - $ - 7/1/2016 7/15/2016 $ 0.4297
$ 0.4297 $ - $ - $ - 10/1/2016 10/17/2016 $ 0.4297 $ 0.4297
$ - $ - $ - TOTAL $ 1.7188 $ 1.7188 $ - $ - $ - Percent
100.00% 100.00% N/A N/A N/A The CUSIP number for Hersha
Hospitality Trust's Series C Preferred Shares is 427825401
SERIES D PREFERRED
SHARES
RecordDates
Paid Dates
TotalCash DistributionPer Share
TaxableOrdinaryIncome*
TotalCapital GainDistribution
UnrecapturedSec. 1250 Gain
NontaxableDistribution(Return of
Capital)
7/1/2016 7/15/2016 $ 0.2031 $ 0.2031 $ - $ - $ - 10/1/2016
10/17/2016 $ 0.4063 $ 0.4063 $ - $ - $ - TOTAL $
0.6094 $ 0.6094 $ - $ - $ - Percent 100.00% 100.00% N/A N/A N/A
The CUSIP number for Hersha Hospitality Trust's Series C
Preferred Shares is 427825609 * For Federal income tax
reporting purposes, none of Hersha Hospitality Trust's ordinary
income dividends are treated as qualified dividend income. **
Distributions will reduce a shareholder's adjusted tax basis in its
shares. Any amount of the distribution that exceeds a shareholder's
adjusted tax basis in its shares will be treated as gain from the
sale or exchange of property.
Shareholders of Common Shares should note that the 2016 fourth
quarter distribution, which had a record date of January 5, 2017
and will be paid on January 17, 2017, will be reported and the
taxable portion determined in 2017.
Shareholders of Series C, Series D and Series E Preferred Shares
should note that the 2016 fourth quarter distribution, which had a
record date of January 1, 2017 and will be paid on January 17,
2017, will be reported and the taxable portion determined in
2017.
Hersha Hospitality Trust (HT) is a self-advised real
estate investment trust in the hospitality sector, which owns and
operates high quality upscale hotels in urban gateway markets. The
Company’s 51 hotels totaling 7,675 rooms are located in New York,
Boston, Philadelphia, Washington, DC, Miami and select markets on
the West Coast. The Company’s common shares are traded on The New
York Stock Exchange-Euronext under the ticker “HT”.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, and, as such, may involve known and unknown risks,
uncertainties and other factors that may cause the actual results
or performance to differ from those reflected in the
forward-looking statement, including, without limitation. For a
description of these factors, please review the information under
the heading “Risk Factors” included in Hersha Hospitality Trust’s
filings with the U.S. Securities and Exchange Commission Annual
Report on Form 10-K for the year ended December 31, 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20170113005430/en/
Hersha Hospitality TrustMichael Gillespie, Chief Accounting
Officer717-236-4400
Hersha Hospitality (NYSE:HT)
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