Wednesday, January 29, 2014

Chatham Lodging Trust Announces 2013 Distribution Characterization




PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, announced the characterization of dividends declared in 2013 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
Regular
01/31/13
02/22/13
$0.07
$0.06
$0.01
Regular
02/28/13
03/29/13
  0.07
  0.06
  0.01
Regular
03/28/13
04/26/13
  0.07
  0.06
  0.01
Regular
04/30/13
05/31/13
  0.07
  0.06
  0.01
Regular
05/31/13
06/28/13
  0.07
  0.06
  0.01
Regular
06/28/13
07/26/13
  0.07
  0.06
  0.01
Regular
07/31/13
08/30/13
  0.07
  0.06
  0.01
Regular
08/30/13
09/27/13
  0.07
  0.06
  0.01
Regular
09/30/13
10/25/13
  0.07
  0.06
  0.01
Regular
10/31/13
11/29/13
  0.07
  0.06
  0.01
Regular
11/29/13
12/27/13
  0.07
  0.06
  0.01
Regular
12/31/13
01/31/14
 0.07
  0.06
  0.01



$0.84
$0.72
$0.12

No portion of the dividends declared in 2013 represented foreign taxes, capital gains 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 2013.  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 31, 2013, and payable on January 31, 2014, will be reported on shareholders’ IRS Form 1099 for the 2013 tax year.

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.

For a complete copy of the company’s news release, please contact:

Dennis Craven
 (Company) 
 Chief Financial Officer                       
(561) 227-1386                                             

1 comment:

Anonymous said...

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