This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hersha Hospitality Trust Announces Dividend Tax Classification For 2011

Hersha Hospitality Trust (NYSE: HT), owner of upscale and mid-priced hotels in urban gateway markets, announced the tax classification of its Priority Class A Common Share (“Common Shares”), Series A Cumulative Redeemable Preferred Share (“Series A Preferred Shares”) and Series B Cumulative Redeemable Preferred Share (“Series B Preferred Shares”) distributions for 2011 for Federal income tax reporting purposes. The tax information provided below should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their own tax advisors as to the tax treatment of the distributions.

COMMON SHARES
        Total     Taxable     Total         Nontaxable
Record Cash Distribution Ordinary Capital Gain Unrecaptured Distribution
Dates   Paid Dates Per Share   Income*   Distribution   Sec. 1250 Gain   (Return of Capital)**
 
1/4/2011 1/17/2011 $ 0.0500 $ 0.036650 $ - $ - $ 0.013350
3/31/2011 4/15/2011 $ 0.0500 $ 0.036650 $ - $ - $ 0.013350
6/30/2011 7/15/2011 $ 0.0600 $ 0.043980 $ - $ - $ 0.016020
9/30/2011 10/14/2011 $ 0.0600 $ 0.043980 $ - $ - $ 0.016020
TOTAL $ 0.2200 $ 0.161260 $ - $ - $ 0.058740
Percent 100.00% 73.30% N/A N/A 26.70%
 
The CUSIP number for Hersha Hospitality Trust's Common Shares is 427825104.
 
 

SERIES A PREFERRED SHARES
Total Taxable Total Nontaxable
Record Cash Distribution Ordinary Capital Gain Unrecaptured Distribution
Dates   Paid Dates Per Share   Income*   Distribution   Sec. 1250 Gain   (Return of Capital)
 
1/1/2011 1/17/2011 $ 0.5000 $ 0.500000 $ - $ - $ -
4/1/2011 4/15/2011 $ 0.5000 $ 0.500000 $ - $ - $ -
7/1/2011 7/15/2011 $ 0.5000 $ 0.500000 $ - $ - $ -
10/1/2011 10/17/2011 $ 0.5000 $ 0.500000 $ - $ - $ -
TOTAL $ 2.0000 $ 2.000000 $ - $ - $ -
Percent 100.00% 100.00% N/A N/A N/A
 
The CUSIP number for Hersha Hospitality Trust's Series A Preferred Shares is 427825203.
 
 

SERIES B PREFERRED SHARES
Total Taxable Total Nontaxable
Record Cash Distribution Ordinary Capital Gain Unrecaptured Distribution
Dates   Paid Dates Per Share   Income*   Distribution   Sec. 1250 Gain   (Return of Capital)
 
7/1/2011 7/15/2011 $ 0.2389 $ 0.238900 $ - $ - $ -
10/1/2011 10/17/2011 $ 0.5000 $ 0.500000 $ - $ - $ -
TOTAL $ 0.7389 $ 0.738900 $ - $ - $ -
Percent 100.00% 100.00% N/A N/A N/A
The CUSIP number for Hersha Hospitality Trust's Series B Preferred Shares is 427825302.
 
* For Federal income tax reporting purposes, none of Hersha Hospitality Trust's ordinary income dividends are treated as qualified dividend income.
** Distributions will reduce a shareholder's adjusted tax basis in its shares. Any amount of the distribution that exceeds a shareholder's adjusted tax basis in its shares will be treated as gain from the sale or exchange of property.

 

Shareholders of Common Shares should note that the 2011 fourth quarter distribution, which had a record date of January 3, 2012 and was paid on January 13, 2012, will be reported and the taxable portion determined in 2012.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs