Chesapeake Lodging Trust Announces 2014 Dividend Income Tax Treatment

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

Chesapeake Lodging Trust CHSP announced today the estimated income tax classification of the Trust's 2014 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax classification of the 2014 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
12/16/2013				12/31/2013				01/15/2014				$0.260000				$0.254296				$0.005704
02/20/2014				03/31/2014				04/15/2014				0.300000				0.293419				0.006581
05/16/2014				06/30/2014				07/15/2014				0.300000				0.293419				0.006581
09/16/2014				09/30/2014				10/15/2014				0.300000				0.293419				0.006581
Totals												$1.160000				$1.134553				$0.025447

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(1)		Common shareholders should note that the fourth quarter 2014 distribution, which had a record date of December 31, 2014 and was paid on January 15, 2015, will be reported on the 2015 Form 1099-DIV to be provided to shareholders in January 2016.

PREFERRED SHARES:
Declaration Date				Record Date				Payment Date				Total Cash Distribution Per Share				Ordinary Taxable Dividend				Return of Capital
02/20/2014				03/31/2014				04/15/2014				$0.484375				$0.484375				0.000000
05/16/2014				06/30/2014				07/15/2014				0.484375				0.484375				0.000000
09/16/2014				09/30/2014				10/15/2014				0.484375				0.484375				0.000000
12/12/2014				12/31/2014				01/15/2015				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 6,116 rooms in eight states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.