Chesapeake Lodging Trust Announces 2012 Dividend Income Tax Treatment

  Chesapeake Lodging Trust Announces 2012 Dividend Income Tax Treatment

Business Wire

ANNAPOLIS, Md. -- January 24, 2013

Chesapeake Lodging Trust (NYSE:CHSP) announced today the estimated income tax
classification of the Trust’s 2012 distributions on its common shares (CUSIP
#165240102) and preferred shares (CUSIP #165240201). The income tax
classification of the 2012 distributions as it is expected to be reported on
Form 1099-DIV is set forth in the following tables:

                                                                           
COMMON SHARES^1:
                           
                                                  Total Cash         Ordinary
Declaration     Record           Payment          Distribution       Taxable         Return of
Date          Date          Date          Per Share       Dividend     Capital
                                                                                     
12/15/2011      12/31/2011       01/13/2012       $0.200000          $0.185956       $0.014044
02/08/2012      03/31/2012       04/13/2012       0.220000           0.204552        0.015448
05/25/2012      06/29/2012       07/13/2012       0.220000           0.204552        0.015448
08/13/2012      09/28/2012       10/15/2012       0.220000           0.204552        0.015448
Totals                                            $0.860000          $0.799612       $0.060388
             

      Common shareholders should note that the fourth quarter 2012
(1)  distribution, which had a record date of December 31, 2012 and was paid
      on January 15, 2013, will be reported on the 2013 Form 1099-DIV to be
      provided to shareholders in January 2014.

                                                                      
PREFERRED SHARES:
                                                                                     
                                                  Total Cash         Ordinary
Declaration     Record           Payment          Distribution       Taxable         Return of
Date          Date          Date          Per Share       Dividend     Capital
                                                                                     
08/13/2012      09/28/2012       10/15/2012       $0.473600          $0.473600       $0.000000
12/13/2012      12/31/2012       01/15/2013       0.484375           0.484375        0.000000
Totals                                            $0.957975          $0.957975       $0.000000
                                                                                     

This release is based on the preliminary results of work on the Trust’s tax
filings and is subject to correction or adjustment when the filings are
completed. The Trust is releasing information at this time to aid those
required to distribute Forms 1099 on the Trust’s distributions. No material
change in these classifications is expected. Shareholders are encouraged to
consult with their own tax advisors as to the specific tax treatment to them
of the Trust’s distributions.

ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment
trust (REIT) focused on investments primarily in upper-upscale hotels in major
business and convention markets and, on a selective basis, premium
select-service hotels in urban settings or unique locations in the United
States. The Trust owns 15 hotels with an aggregate of 4,722 rooms in seven
states and the District of Columbia. Additional information can be found on
the Trust’s website at www.chesapeakelodgingtrust.com.

Contact:

Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142
 
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