Chatham Lodging Trust Announces 2016 Distribution Characterization
January 30 2017 - 4:14PM
Business Wire
Chatham Lodging Trust (NYSE: CLDT), a lodging real estate
investment trust (REIT) that invests in upscale extended-stay
hotels and premium-branded, select-service hotels, today announced
the characterization of dividends declared in 2016 on its common
shares for federal income tax reporting purposes.
Type ofDividend
RecordDate
PaymentDate
DividendPerCommonShare
TaxableOrdinaryIncome
Return ofCapital
Special 01/15/16 01/29/16 $0.080 $0.072 $0.008 Regular 01/29/16
02/26/16 0.100 0.090 0.010 Regular 02/29/16 03/25/16 0.100 0.090
0.010 Regular 03/31/16 04/29/16 0.110 0.099 0.011 Regular 04/29/16
05/27/16 0.110 0.099 0.011 Regular 05/31/16 06/24/16 0.110 0.099
0.011 Regular 06/30/16 07/29/16 0.110 0.099 0.011 Regular 07/29/16
08/26/16 0.110 0.099 0.011 Regular 08/31/16 09/30/16 0.110 0.099
0.011 Regular 09/30/16 10/28/16 0.110 0.099 0.011 Regular 10/31/16
11/25/16 0.110 0.099 0.011 Regular 11/30/16 12/30/16 0.110 0.099
0.011 Regular 12/30/16 01/27/17
0.110
0.099 0.011 $1.380 $1.242 $0.138
No portion of the dividends declared in 2016 represented foreign
taxes or qualified dividend income. The CUSIP number for Chatham
Lodging Trust common shares is 16208T102.
Record holders of Chatham Lodging Trust common shares who
received any of the dividends specified in the table above will
receive an Internal Revenue Service (IRS) Form 1099-DIV from Wells
Fargo Bank, N.A., the company’s dividend paying agent. The Form
1099-DIV will report the dividends paid with respect to 2016.
Shareholders whose shares are held in “street name” will receive an
IRS Form 1099 from the bank, brokerage firm or other nominee
holding their shares.
The regular common share dividend declared for shareholders of
record as of December 30, 2016, and payable on January 27, 2017,
will be reported on shareholders’ IRS Form 1099 for the 2016 tax
year. The special common share dividend declared for shareholders
of record as of January 15, 2016, and paid on January 29, 2016,
will be reported on shareholders’ IRS Form 1099 for the 2016
taxable year, but was applied by Chatham against its 2015 taxable
income.
The information in the table above is based on the preliminary
results of work on the tax filings of Chatham Lodging Trust and is
subject to correction or adjustment when the filings are completed.
No material change in these classifications is expected. The tax
information above should not be construed as tax advice and is not
a substitute for careful tax planning and analysis. Shareholders
are encouraged to consult with their own tax advisors regarding the
specific federal, state, local, foreign and other tax consequences
of ownership of Chatham Lodging Trust’s common shares and the
specific tax treatment of distributions on Chatham Lodging Trust’s
common shares.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised, publicly-traded real
estate investment trust focused primarily on investing in upscale,
extended-stay hotels and premium-branded, select-service hotels.
The company owns interests in 133 hotels totaling 18,210
rooms/suites, comprised of 38 properties it wholly owns with an
aggregate of 5,712 rooms/suites in 15 states and the District of
Columbia and a minority investment in two joint ventures that own
95 hotels with an aggregate of 12,498 rooms/suites. Additional
information about Chatham may be found at
chathamlodgingtrust.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Statements about the company's business that are not historical
facts are "forward-looking statements." Forward-looking statements
are based on current expectations. You should not rely on our
forward-looking statements because the matters they describe are
subject to known and unknown risks and uncertainties that could
cause the company's future results, performance, or achievements to
differ significantly from the results, performance, or achievements
expressed or implied by such statements. Such risks are set forth
under the captions "Item 1A. Risk Factors" and "Forward-Looking
Statements" in our annual report on Form 10-K and under the caption
"Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations" (or similar captions) in our
quarterly reports on Form 10-Q, and as described in our other
filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the dates on which they
are made, and the company undertakes no obligation to update
publicly or revise any guidance or other forward-looking statement,
whether as a result of new information, future developments, or
otherwise, unless required by law.
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Chatham Lodging TrustDennis Craven (Company)Chief Operating
Officer561-227-1386
Chatham Lodging (NYSE:CLDT)
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