Hersha Hospitality Trust Announces Dividend Tax Classification For 2012
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 2012 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 | |||||||||||||||||||||||
| Record Dates | Paid Dates | Total Cash Distribution Per Share | Taxable Ordinary Income* | Total Capital Gain Distribution | Unrecaptured Sec. 1250 Gain | Nontaxable Distribution (Return of Capital)** | |||||||||||||||||
| 1/3/2012 | 1/13/2012 | $ | 0.0600 | $ | 0.000766 | $ | - | $ | - | $ | 0.059234 | ||||||||||||
| 3/30/2012 | 4/16/2012 | $ | 0.0600 | $ | 0.000766 | $ | - | $ | - | $ | 0.059234 | ||||||||||||
| 6/29/2012 | 7/16/2012 | $ | 0.0600 | $ | 0.000766 | $ | - | $ | - | $ | 0.059234 | ||||||||||||
| 10/1/2012 | 10/15/2012 | $ | 0.0600 | $ | 0.000766 | $ | - | $ | - | $ | 0.059234 | ||||||||||||
| TOTAL | $ | 0.2400 | $ | 0.003064 | $ | - | $ | - | $ | 0.236936 | |||||||||||||
| Percent | 100.00% | 1.28% | N/A | N/A | 98.72% | ||||||||||||||||||
| The CUSIP number for Hersha Hospitality Trust's Common Shares is 427825104. | |||||||||||||||||||||||
| SERIES A PREFERRED SHARES | |||||||||||||||||||||||
| Record Dates | Paid Dates | Total Cash Distribution Per Share | Taxable Ordinary Income* | Total Capital Gain Distribution | Unrecaptured Sec. 1250 Gain | Nontaxable Distribution (Return of Capital) | |||||||||||||||||
| 1/1/2012 | 1/17/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 4/1/2012 | 4/16/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 7/1/2012 | 7/16/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 10/1/2012 | 10/17/2012 | $ | 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 | |||||||||||||||||||||||
| Record Dates | Paid Dates | Total Cash Distribution Per Share | Taxable Ordinary Income* | Total Capital Gain Distribution | Unrecaptured Sec. 1250 Gain | Nontaxable Distribution (Return of Capital) | |||||||||||||||||
| 1/1/2012 | 1/17/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 4/1/2012 | 4/16/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 7/1/2012 | 7/16/2012 | $ | 0.5000 | $ | 0.500000 | $ | - | $ | - | $ | - | ||||||||||||
| 10/1/2012 | 10/15/2012 | $ | 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 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 2012 fourth quarter distribution, which had a record date of December 31, 2012 and was paid on January 15, 2013, will be reported and the taxable portion determined in 2013.
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