CHSP Chesapeake Lodging Trust

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