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Chesapeake Lodging Trust Announces 2017 Dividend Income Tax Treatment

Share:

Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust") announced today the
estimated income tax classification of the Trust's 2017 distributions on
its common shares (CUSIP #165240102) and preferred shares (CUSIP
#165240201). The income tax classification of the 2017 distributions as
it is expected to be reported on Form 1099-DIV is set forth in the
following tables:

             

COMMON SHARES(1):

 

Record
Date

 

Payment
Date

 

Total Cash
Distribution
Per Share

 

Ordinary
Taxable
Dividend

 

Qualified
Taxable
Dividend

 

Total
Capital Gain
Distribution

 

Unrecaptured
Section 1250
Gain(2)

 

Return of
Capital

 
12/30/2016 01/13/2017 $0.400000 $0.310699 $0.010394 $0.022294 $0.020457 $0.056613
03/31/2017 04/14/2017 0.400000 0.310699 0.010394 0.022294 0.020457 0.056613
06/30/2017 07/14/2017 0.400000 0.310699 0.010394 0.022294 0.020457 0.056613
09/29/2017 10/13/2017 0.400000 0.310699 0.010394 0.022294 0.020457 0.056613
$1.600000 $1.242796 $0.041576 $0.089176 $0.081828 $0.226452
             

PREFERRED SHARES(3):

 

Record
Date

 

Payment
Date

 

Total Cash
Distribution
Per Share

 

Ordinary
Taxable
Dividend

 

Qualified
Taxable
Dividend

 

Total
Capital Gain
Distribution

 

Unrecaptured
Section 1250
Gain(2)

 

Return of
Capital

 
03/31/2017 04/14/2017 $0.484375 $0.438266 $0.014661 $0.031448 $0.028856 $0.000000
06/30/2017 07/14/2017 0.484375 0.438266 0.014661 0.031448 0.028856 0.000000
07/17/2017 0.010764 0.009739 0.000326 0.000699 0.000641 0.000000
$0.979514 $0.886271 $0.029648 $0.063595 $0.058353 $0.000000
 
_______________

(1)

 

Common shareholders should note that the fourth quarter 2017
distribution, which had a record date of December 29, 2017 and was
paid on January 12, 2018, will be reported on the 2018 Form
1099-DIV to be provided to shareholders in January 2019.

(2)

Unrecaptured Section 1250 Gain is a subset of, and included
in, the Total Capital Gain Distribution amount.

(3)

On July 17, 2017, the Trust redeemed all 5,000,000 shares of
its issued and outstanding 7.75% Series A Cumulative Redeemable
Preferred Shares at a redemption amount of $25.00 per share, plus
an amount equal to all accrued and unpaid dividends to, but not
including, the redemption date.

 

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 21 hotels with an
aggregate of 6,479 rooms in eight states and the District of Columbia.
Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.

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