Chesapeake Lodging Trust Announces 2013 Dividend Income Tax Treatment

Business Wire

ANNAPOLIS, Md.--(BUSINESS WIRE)--

Chesapeake Lodging Trust (CHSP) announced today the estimated income tax classification of the Trust’s 2013 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax classification of the 2013 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

     

Return of
Capital

 
12/13/2012 12/31/2012 01/15/2013 $0.220000 $0.218929 $0.001071
02/21/2013 03/28/2013 04/15/2013 0.240000 0.238832 0.001168
05/21/2013 06/28/2013 07/15/2013 0.240000 0.238832 0.001168
08/05/2013 09/30/2013 10/15/2013 0.260000 0.258734 0.001266
Totals $0.960000 $0.955327 $0.004673
 
 
(1)

Common shareholders should note that the fourth quarter 2013 distribution, which had a record date of December 31, 2013 and was paid on January 15, 2014, will be reported on the 2014 Form 1099-DIV to be provided to shareholders in January 2015.

 
                   

PREFERRED SHARES:

 

Declaration
Date

   

Record
Date

   

Payment
Date

   

Total Cash
Distribution
Per Share

   

Ordinary
Taxable
Dividend

   

Return of
Capital

 
02/21/2013 03/28/2013 04/15/2013 $0.484375 $0.484375 0.000000
05/21/2013 06/28/2013 07/15/2013 0.484375 0.484375 0.000000
08/05/2013 09/30/2013 10/15/2013 0.484375 0.484375 0.000000
12/16/2013 12/31/2013 01/15/2014 0.484375 0.484375 0.000000
Totals $1.937500 $1.937500 $0.000000
 

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 20 hotels with an aggregate of 5,932 rooms in eight states and the District of Columbia. Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.

Contact:
Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142

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