Hersha Hospitality Trust Announces Dividend Tax Classification for 2010
January 21 2011 - 8:00AM
Business Wire
Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale
and extended stay hotels in major metropolitan markets, announced
the tax classification of its Priority Class A Common Share
(“Common Shares”) and Series A Cumulative Redeemable Preferred
Share (“Series A Preferred Shares”) distributions for 2010 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 own tax advisors as to the tax treatment of the
distributions.
COMMON
SHARES
Record Dates Paid Dates Total
Cash Distribution
Per Share
TaxableOrdinaryIncome
TotalCapital GainDistribution
Unrecaptured
Sec. 1250 Gain
NontaxableDistribution(Return of
Capital)*
1/4/2010 1/15/2010 $ 0.050 $ - $ - $ - $ 0.050000 4/1/2010
4/15/2010 $ 0.050 $ - $ - $ - $ 0.050000 6/30/2010 7/15/2010 $
0.050 $ - $ - $ - $ 0.050000 9/30/2010 10/15/2010 $ 0.050 $
- $ - $ - $ 0.050000 TOTAL $ 0.200 $ - $ - $ - $
0.200000 Percent 100.00 % N/A N/A N/A 100.00 % The
CUSIP number for Hersha Hospitality Trust's Common Shares is
427825104.
SERIES A PREFERRED
SHARES
Record Dates Paid Dates Total
Cash Distribution
Per Share
Taxable
Ordinary
Income
TotalCapital GainDistribution
Unrecaptured
Sec. 1250 Gain
NontaxableDistribution(Return of
Capital)*
1/1/2010 1/15/2010 $ 0.500 $ - $ - $ - $ 0.500000 4/1/2010
4/15/2010 $ 0.500 $ - $ - $ - $ 0.500000 7/1/2010 7/15/2010 $ 0.500
$ - $ - $ - $ 0.500000 10/1/2010 10/15/2010 $ 0.500 $ - $ -
$ - $ 0.500000 TOTAL $ 2.000 $ - $ - $ - $ 2.000000
Percent 100.00 % N/A N/A N/A 100.00 % The CUSIP
number for Hersha Hospitality Trust's Series A Preferred Shares is
427825203.
* Distributions will reduce a
shareholder's adjusted tax basis in its shares. Any distribution
that exceeds a shareholder's adjusted tax basis in its shares will
be treated as gain from the sale of those shares.
Shareholders of Common Shares should note that the 2010 fourth
quarter distribution, which had a record date of January 4, 2011
and was paid on January 17, 2011, will be reported and the taxable
portion determined in 2011.
Shareholders of Series A Preferred Shares should note that the
2010 fourth quarter distribution, which had a record date of
January 1, 2011 and was paid on January 17, 2011, will be reported
and the taxable portion determined in 2011.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a self-advised real estate
investment trust, which owns interests in 77 hotels, totaling
10,262 rooms, primarily along the Northeast Corridor from Boston to
Washington D.C., as of December 31, 2010. Hersha also owns hotels
in Northern California and Scottsdale, Arizona. Hersha focuses on
upscale, mid-scale and extended stay hotels in major metropolitan
markets.
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. For a description of these factors,
please review the information under the heading “Risk Factors”
included in Hersha Hospitality Trust’s Annual Report on Form 10-K
for the year ended December 31, 2009, filed with the U.S.
Securities Exchange Commission and the prospectus supplement and
accompanying prospectus relating to the offering.
Hersha Hospitality (NYSE:HT)
Historical Stock Chart
From May 2024 to Jun 2024
Hersha Hospitality (NYSE:HT)
Historical Stock Chart
From Jun 2023 to Jun 2024