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Chesapeake Lodging Trust Announces 2018 Dividend Income Tax Treatment

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Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust") announced today the
estimated income tax classification of the Trust's 2018 distributions on
its common shares (CUSIP #165240102). The income tax classification of
the 2018 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

   

Total
Ordinary
Dividends

   

Section 199A
Dividends(2)

   

Total
Capital Gain
Distribution

   

Unrecaptured
Section 1250
Gain(3)

 
12/29/2017 01/12/2018 $0.400000 $0.287623 $0.287623 $0.112377 $0.011684
03/29/2018 04/13/2018 0.400000 0.287623 0.287623 0.112377 0.011684
06/29/2018 07/13/2018 0.400000 0.287623 0.287623 0.112377 0.011684
09/28/2018 10/15/2018 0.400000 0.287623 0.287623 0.112377 0.011684
12/31/2018 01/15/2019 0.301649 0.216903 0.216903 0.084746 0.008811
$1.901649 $1.367395 $1.367395 $0.534254 $0.055547
 
_______________
(1)     Common shareholders should note that a portion (75.41% or $0.301649)
of the fourth quarter 2018 distribution, which had a record date of
December 31, 2018 and was paid on January 15, 2019, is considered a
2018 distribution for federal income tax purposes and the remaining
balance (24.59% or $0.098351) of the fourth quarter 2018
distribution will be reported on the 2019 Form 1099-DIV to be
provided to shareholders in January 2020.
(2) Section 199A Dividends is a subset of, and included in, the Total
Ordinary Dividends amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the
Total Capital Gain Distribution amount.
 

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 6,279 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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