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 ofDividend | Record Date | Payment Date | Dividend Per CommonShare | Taxable OrdinaryIncome | Return ofCapital |
| 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.
