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Hersha Hospitality Trust Announces Dividend Classification For 2013

Stocks in this article: HT

Hersha Hospitality Trust (NYSE: HT, “Hersha” or “the Company”), owner of upscale 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”), Series B Cumulative Redeemable Preferred Share (“Series B Preferred Shares”) and Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”) distributions for 2013 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 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)**
 
12/31/2012 1/15/2013 $ 0.0600 $ 0.027090 $ - $ - $ 0.032910
4/1/2013 4/15/2013 $ 0.0600 $ 0.027090 $ - $ - $ 0.032910
7/1/2013 7/15/2013 $ 0.0600 $ 0.027090 $ - $ - $ 0.032910
10/1/2013 10/15/2013 $ 0.0600 $ 0.027090 $ - $ - $ 0.032910
TOTAL $ 0.2400 $ 0.108360 $ - $ - $ 0.131640
Percent 100.00% 45.15% N/A N/A 54.85%
 

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)
 
1/1/2013 1/15/2013 $ 0.5000 $ 0.500000 $ - $ - $ -
3/28/2013 (1) 3/28/2013 (1) $ 0.4056 (1) $ 0.405600 $ - $ - $ -
TOTAL $ 0.9056 $ 0.905600 $ - $ - $ -
Percent 100.00% 100.00% N/A N/A N/A
 

(1) On March 28, 2013, Hersha Hospitality Trust redeemed all of its issued and outstanding shares of 8.00% Series A Cumulative Redeemable Preferred Stock. The Series A Preferred Shares were redeemed at a per share redemption price of $25.00 together with accrued and unpaid dividends to the redemption date for an aggregate per share redemption price of $25.4056.

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