Chatham Lodging Trust Announces 2012 Distribution Characterization
PALM BEACH, Fla. -- January 30, 2013
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust
(REIT) focused on upscale extended-stay hotels and premium-branded
select-service hotels, today announced the characterization of dividends
declared in 2012 on its common shares for federal income tax reporting
Type of Declaration Record Payment Common Ordinary Return of
Dividend Date Date Date Share Income Capital
Regular 03/13/12 03/30/12 04/27/12 $ 0.175 $ 0.092 $ 0.083
Regular 05/07/12 06/29/12 07/27/12 0.200 0.106 0.094
Regular 09/10/12 09/28/12 10/26/12 0.200 0.106 0.094
Regular 12/04/12 12/31/12 01/25/13 0.200 0.106 0.094
$ 0.775 $ 0.410 $ 0.365
No portion of the dividends declared in 2012 represented foreign taxes,
capital gains 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 2012. 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 on December 4, 2012 for
shareholders of record as of December 31, 2012, and payable on January 25,
2013, will be reported on shareholders’ IRS Form 1099 for the 2012 tax year.
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 REIT that was organized to invest in
upscale extended-stay hotels and premium-branded, select-service hotels. The
company currently owns 19 hotels with an aggregate of 2,536 rooms/suites in 11
states and the District of Columbia and holds a minority investment in a joint
venture that owns 55 hotels with 7,282 rooms/suites. Additional information
about Chatham may be found at www.chathamlodgingtrust.com.
This press release may contain “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging
Trust, including those statements regarding acquisitions, capital
expenditures, future operating results and the timing and composition of
revenues, among others, and statements containing words such as “expects,”
“believes” or “will,” which indicate that those statements are
forward-looking. Except for historical information, the matters discussed in
this press release are forward-looking statements that are subject to certain
risks and uncertainties that could cause the actual results or performance to
differ materially from those discussed in such statements. Additional risks
are discussed in the company’s filings with the Securities and Exchange
Chatham Lodging Trust
Chief Financial Officer
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