Chesapeake Lodging Trust Announces 2017 Dividend Income Tax Treatment
January 24 2018 - 7:00AM
Business Wire
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced
today the estimated income tax classification of the Trust’s 2017
distributions on its common shares (CUSIP #165240102) and preferred
shares (CUSIP #165240201). The income tax classification of the
2017 distributions as it is expected to be reported on Form
1099-DIV is set forth in the following tables:
COMMON SHARES(1):
RecordDate
PaymentDate
Total CashDistributionPer Share
OrdinaryTaxableDividend
QualifiedTaxableDividend
TotalCapital GainDistribution
UnrecapturedSection 1250Gain(2)
Return ofCapital
12/30/2016 01/13/2017 $0.400000 $0.310699 $0.010394
$0.022294 $0.020457 $0.056613 03/31/2017 04/14/2017 0.400000
0.310699 0.010394 0.022294 0.020457 0.056613 06/30/2017 07/14/2017
0.400000 0.310699 0.010394 0.022294 0.020457 0.056613 09/29/2017
10/13/2017
0.400000 0.310699
0.010394 0.022294 0.020457
0.056613 $1.600000 $1.242796
$0.041576 $0.089176
$0.081828 $0.226452
PREFERRED SHARES(3):
RecordDate
PaymentDate
Total CashDistributionPer Share
OrdinaryTaxableDividend
QualifiedTaxableDividend
TotalCapital GainDistribution
UnrecapturedSection 1250Gain(2)
Return ofCapital
03/31/2017 04/14/2017 $0.484375 $0.438266 $0.014661
$0.031448 $0.028856 $0.000000 06/30/2017 07/14/2017 0.484375
0.438266 0.014661 0.031448 0.028856 0.000000 – 07/17/2017
0.010764 0.009739 0.000326
0.000699 0.000641 0.000000
$0.979514 $0.886271
$0.029648 $0.063595
$0.058353 $0.000000
_______________
(1)
Common shareholders should note that the
fourth quarter 2017 distribution, which had a record date of
December 29, 2017 and was paid on January 12, 2018, will be
reported on the 2018 Form 1099-DIV to be provided to shareholders
in January 2019.
(2)
Unrecaptured Section 1250 Gain is a subset
of, and included in, the Total Capital Gain Distribution
amount.
(3)
On July 17, 2017, the Trust redeemed all
5,000,000 shares of its issued and outstanding 7.75% Series A
Cumulative Redeemable Preferred Shares at a redemption amount of
$25.00 per share, plus an amount equal to all accrued and unpaid
dividends to, but not including, the redemption date.
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
21 hotels with an aggregate of 6,479 rooms in eight 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, 571-349-9452
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