Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment
trust (REIT) that invests in upscale extended-stay hotels and
premium-branded, select-service hotels, today announced the
characterization of dividends declared in 2016 on its common shares for
federal income tax reporting purposes.
Type of Dividend
Record Date
Payment Date
Dividend Per Common Share
Taxable Ordinary Income
Return of Capital
Special
01/15/16
01/29/16
$0.080
$0.072
$0.008
Regular
01/29/16
02/26/16
0.100
0.090
0.010
Regular
02/29/16
03/25/16
0.100
0.090
0.010
Regular
03/31/16
04/29/16
0.110
0.099
0.011
Regular
04/29/16
05/27/16
0.110
0.099
0.011
Regular
05/31/16
06/24/16
0.110
0.099
0.011
Regular
06/30/16
07/29/16
0.110
0.099
0.011
Regular
07/29/16
08/26/16
0.110
0.099
0.011
Regular
08/31/16
09/30/16
0.110
0.099
0.011
Regular
09/30/16
10/28/16
0.110
0.099
0.011
Regular
10/31/16
11/25/16
0.110
0.099
0.011
Regular
11/30/16
12/30/16
0.110
0.099
0.011
Regular
12/30/16
01/27/17
0.110
0.099
0.011
$1.380
$1.242
$0.138
No portion of the dividends declared in 2016 represented foreign taxes
or qualified dividend income. The CUSIP number for Chatham Lodging Trust
common shares is 16208T102.
Record holders of Chatham Lodging Trust common shares who received any
of the dividends specified in the table above will receive an Internal
Revenue Service (IRS) Form 1099-DIV from Wells Fargo Bank, N.A., the
company's dividend paying agent. The Form 1099-DIV will report the
dividends paid with respect to 2016. Shareholders whose shares are held
in "street name" will receive an IRS Form 1099 from the bank, brokerage
firm or other nominee holding their shares.
The regular common share dividend declared for shareholders of record as
of December 30, 2016, and payable on January 27, 2017, will be reported
on shareholders' IRS Form 1099 for the 2016 tax year. The special common
share dividend declared for shareholders of record as of January 15,
2016, and paid on January 29, 2016, will be reported on shareholders'
IRS Form 1099 for the 2016 taxable year, but was applied by Chatham
against its 2015 taxable income.
The information in the table above is based on the preliminary results
of work on the tax filings of Chatham Lodging Trust and is subject to
correction or adjustment when the filings are completed. No material
change in these classifications is expected. The tax information above
should not be construed as tax advice and is not a substitute for
careful tax planning and analysis. Shareholders are encouraged to
consult with their own tax advisors regarding the specific federal,
state, local, foreign and other tax consequences of ownership of Chatham
Lodging Trust's common shares and the specific tax treatment of
distributions on Chatham Lodging Trust's common shares.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised, publicly-traded real estate
investment trust focused primarily on investing in upscale,
extended-stay hotels and premium-branded, select-service hotels. The
company owns interests in 133 hotels totaling 18,210 rooms/suites,
comprised of 38 properties it wholly owns with an aggregate of 5,712
rooms/suites in 15 states and the District of Columbia and a minority
investment in two joint ventures that own 95 hotels with an aggregate of
12,498 rooms/suites. Additional information about Chatham may be found
at chathamlodgingtrust.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Statements about the company's business that are not historical facts
are "forward-looking statements." Forward-looking statements are based
on current expectations. You should not rely on our forward-looking
statements because the matters they describe are subject to known and
unknown risks and uncertainties that could cause the company's future
results, performance, or achievements to differ significantly from the
results, performance, or achievements expressed or implied by such
statements. Such risks are set forth under the captions "Item 1A. Risk
Factors" and "Forward-Looking Statements" in our annual report on Form
10-K and under the caption "Item 2. Management's Discussion and Analysis
of Financial Condition and Results of Operations" (or similar captions)
in our quarterly reports on Form 10-Q, and as described in our other
filings with the Securities and Exchange Commission. Forward-looking
statements speak only as of the dates on which they are made, and the
company undertakes no obligation to update publicly or revise any
guidance or other forward-looking statement, whether as a result of new
information, future developments, or otherwise, unless required by law.
