HT - Hersha Hotels and Resorts Announces Dividend Classification for 2023 | Benzinga
PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts ("Hersha" or "the Company"), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust's ("HHT") Priority Class A Common Share ("Common Shares"), Series C Cumulative Redeemable Preferred Share ("Series C Preferred Shares"), Series D Cumulative Redeemable Preferred Share ("Series D Preferred Shares") and Series E Cumulative Redeemable Preferred Share ("Series E Preferred Shares") distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger between HHT and 1776 Portfolio REIT Merger Sub, LLC ("REIT Merger Sub") pursuant to that certain Agreement and Plan of Merger, dated as of August 27, 2023, by and among HHT, REIT Merger Sub and the other parties thereto, and it 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.
| CLASS A COMMON SHARES |
| Record Dates |
| Paid Dates |
| Total Cash Distribution Per Share |
| Taxable Ordinary Income |
| Total Capital Gain Distribution |
| Unrecaptured Sec. 1250 Gain |
| Cash Liquidation Distribution |
| Nontaxable Distribution (Return of Capital)* |
| Section 199A Dividends |
| Section 897 Ordinary Dividends |
| Section 897 Capital Gain |
| Section 1061 One-Year Capital Gain** |
| Section 1061 Three-Year Capital Gain** |
| 3/31/2023 |
| 4/17/2023 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| 6/30/2023 |
| 7/17/2023 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| 9/29/2023 |
| 10/16/2023 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| 0.050000 |
| $ |
| - |
| $ |
| 0.050000 |
| 11/28/2023 |
| 11/28/2023 |
| $ |
| 10.000000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| 10.000000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| TOTAL |
| $ |
| 10.150000 |
| $ |
| - |
| $ |
| 0.150000 |
| $ |
| 0.150000 |
| $ |
| 10.000000 |
| $ |
| - |
| $ |
| - |
| $ |
| - |
| $ |
| 0.150000 |
| $ |
| - |
| $ |
| 0.150000 |
| The CUSIP number for Hersha Hospitality Trust's Common Shares is 427825500. |
| On November 28, 2023, Hersha Hospitality Trust redeemed all of its issued and outstanding shares of Priority Class A Common Shares. The Priority Class A Common Shares were redeemed at a per share redemption price of $10.00. |
| SERIES C 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)* |
| Nontaxable Distribution (Return of Capital)* |
| Section 199A Dividends |
| Section 897 Ordinary Dividends |
| Section 897 Capital Gain |
| Section 1061 One-Year Capital Gain** |
| Section 1061 Three-Year Capital Gain** |