Chatham Lodging Trust Announces Amended 2017 Distribution Characterization

WEST PALM BEACH, Fla.--()--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 an amendment to its initial 2017 distribution characterization that was provided on a press release dated January 26, 2018. The amended characterization for Chatham’s distributions declared in 2017 on its common shares for federal income tax reporting purposes is outlined in the table below.

                   

Type of
Dividend

Record
Date

Payment
Date

Dividend
Per
Common
Share

Taxable
Ordinary
Income

Unrecap.
Sec. 1250
Gain

Regular 1/31/17 2/24/17 0.1100 0.1042 0.0058
Regular 2/28/17 3/31/17 0.1100 0.1042 0.0058
Regular 3/31/17 4/28/17 0.1100 0.1042 0.0058
Regular 4/28/17 5/26/17 0.1100 0.1042 0.0058
Regular 5/31/17 6/30/17 0.1100 0.1042 0.0058
Regular 6/30/17 7/28/17 0.1100 0.1042 0.0058
Regular 7/31/17 8/25/17 0.1100 0.1042 0.0058
Regular 8/31/17 9/29/17 0.1100 0.1042 0.0058
Regular 9/29/17 10/27/17 0.1100 0.1042 0.0058
Regular 10/31/17 11/24/17 0.1100 0.1042 0.0058
Regular 11/30/17 12/29/17 0.1100 0.1042 0.0058
Regular 12/29/17 1/26/18

0.1100

0.1042

0.0058

$1.3200

$1.2504

$0.0696

 

No portion of the dividends declared in 2017 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 2017. Shareholders whose shares are held in “streetname” 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 29, 2017, and payable on January 26, 2018, will be reported on shareholders’ IRS Form 1099 for the 2017 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.

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 135 hotels totaling 18,516 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,018 rooms/suites in 16 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.

Contacts

Chatham Lodging Trust
Dennis Craven, 561-227-1386
dcraven@cl-trust.com

Release Summary

Chatham Lodging Trust Announces Amended 2017 Distribution Characterization

Contacts

Chatham Lodging Trust
Dennis Craven, 561-227-1386
dcraven@cl-trust.com