Ryman Hospitality Properties Announces 2016 Dividend Income Tax Information
January 30 2017 - 9:00AM
Ryman Hospitality Properties, Inc. (NYSE:RHP), a lodging real
estate investment trust ("REIT") specializing in group-oriented,
destination hotel assets in urban and resort markets, today
announced the 2016 tax classification of the dividend distributions
made to the Company’s holders of its common stock.
The income tax classification to be reported on Form 1009-DIV
for the Company’s common stock, CUSIP number 78377T107, is as
follows:
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Record
Date |
Payable Date |
TotalDistributionPer Share |
TotalDistributionAllocable to2016 |
OrdinaryTaxableDividend |
Long-termCapital Gain |
NondividendDistribution(Return ofCapital) |
12/30/2015 |
1/15/2016 |
$ |
0.70 |
$ |
0.20 |
$ |
0.19 |
$ |
0.01 |
$ |
- |
3/31/2016 |
4/15/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
6/30/2016 |
7/15/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
9/30/2016 |
10/14/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
12/30/2016 |
1/13/2017 |
$ |
0.75 |
$ |
0.70 |
$ |
0.66 |
$ |
0.04 |
$ |
- |
|
|
$ |
3.70 |
$ |
3.15 |
$ |
2.98 |
$ |
0.17 |
$ |
- |
|
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The 2015 fourth quarter distribution of $0.70, which had a
record date of 12/30/2015, was a split-year distribution. For tax
purposes, $0.50 was allocated to the 2015 Form 1099-DIV and the
remaining $0.20 is being allocated to the 2016 Form 1099-DIV, as
shown above.
The 2016 fourth quarter distribution of $0.75, which had a
record date of 12/30/2016, will be a split-year distribution. For
tax purposes, $0.70 will be allocated to the 2016 Form 1099-DIV, as
shown above, and the remaining $0.05 will be allocated to the 2017
Form 1099-DIV.
The tax information provided should not be construed as tax
advice. Shareholders are encouraged to consult with their tax
advisors regarding their specific tax treatment.
About Ryman Hospitality Properties, Inc. Ryman
Hospitality Properties, Inc. (NYSE:RHP) is a REIT for federal
income tax purposes, specializing in group-oriented, destination
hotel assets in urban and resort markets. The Company’s owned
assets include a network of four upscale, meetings-focused resorts
totaling 7,811 rooms that are managed by lodging
operator Marriott International, Inc. under the Gaylord
Hotels brand. Other owned assets managed by Marriott
International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat, The Inn
at Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland
and AC Hotel Washington, DC at National Harbor, a
192-room hotel near Gaylord National. The Company also owns and
operates media and entertainment assets, including the Grand Ole
Opry (opry.com), the legendary weekly showcase of country music’s
finest performers for over 90 years; the Ryman Auditorium, the
storied former home of the Grand Ole Opry located in
downtown Nashville; and 650 AM WSM, the Opry’s radio home. For
additional information about Ryman Hospitality Properties,
visit www.rymanhp.com.
Cautionary Note Regarding Forward-Looking
StatementsThis press release contains statements as to the
Company’s beliefs and expectations of the outcome of future events
that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by the fact that they do not relate strictly to
historical or current facts. Examples of these statements include,
but are not limited to, statements regarding the future performance
of our business, estimated capital expenditures. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made. Other factors that could cause operating and
financial results to differ are described in the filings made from
time to time by the Company with the U.S. Securities and
Exchange Commission (SEC) and include the risk factors and
other risks and uncertainties described in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31,
2015 and its Quarterly Reports on Form 10-Q and subsequent
filings. The Company does not undertake any obligation to release
publicly any revisions to forward-looking statements made by it to
reflect events or circumstances occurring after the date hereof or
the occurrence of unanticipated events.
Investor Relations Contacts:
Mark Fioravanti, President and Chief Financial Officer
Ryman Hospitality Properties, Inc.
(615) 316-6588
mfioravanti@rymanhp.com
~or~
Todd Siefert, Vice President of Corporate Finance & Treasurer
Ryman Hospitality Properties, Inc.
(615) 316-6344
tsiefert@rymanhp.com
Tax and Legal Contacts:
Sidney Cherry, Vice President of Tax
Ryman Hospitality Properties, Inc.
(615) 316-6152
sidney.cherry@rymanhp.com
~or~
Scott Lynn, Senior Vice President & General Counsel
Ryman Hospitality Properties
(615) 316-6180
slynn@rymanhp.com
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