Pebblebrook Hotel Trust Announces Tax Treatment of 2021 Dividends

Rhea-AI Summary

Pebblebrook Hotel Trust (NYSE: PEB) announced the tax treatment details for its 2021 distributions to common and preferred shareholders. The ordinary dividend per share is $0.010000 for each of the four quarters, while the total capital gain distribution varies, notably at $0.004246 for Q2. The record and payable dates for these dividends range from December 31, 2020, to September 30, 2021. Shareholders are encouraged to consult tax advisors for personalized guidance.

Positive

• Quarterly ordinary dividend of $0.010000 boosts shareholder returns.
• Total capital gain distribution of $0.004246 in Q2 enhances overall returns.

Negative

• Limited growth in dividend payments, maintaining the same amount across four quarters.

BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced the following tax treatment of the 2021 distributions to holders of the Company’s common and preferred shares.

Security Description / CUSIP	Ticker Symbol	Record Date	Payable Date	Total Distribution Per Share	Ordinary Dividend	Total Capital Gain Distribution	Nondividend Distribution	Section 199A Dividend
70509V100	PEB	12/31/2020	1/15/2021	$0.010000	$0.000000	$0.000000	$0.010000	$0.000000
70509V100	PEB	3/31/2021	4/15/2021	$0.010000	$0.000000	$0.000000	$0.010000	$0.000000
70509V100	PEB	6/30/2021	7/15/2021	$0.010000	$0.000000	$0.004246	$0.005754	$0.000000
70509V100	PEB	9/30/2021	10/15/2021	$0.010000	$0.000000	$0.008600	$0.001400	$0.000000
70509V407	PEB/PRC	12/31/2020	1/15/2021	$0.406250	$0.000000	$0.000000	$0.406250	$0.000000
70509V407	PEB/PRC	3/31/2021	4/15/2021	$0.406250	$0.000000	$0.000000	$0.406250	$0.000000
70509V407	PEB/PRC	6/30/2021	7/15/2021	$0.406250	$0.000000	$0.172480	$0.233770	$0.000000
70509V407	PEB/PRC	8/22/2021	8/22/2021	$0.167014	$0.000000	$0.000000	$0.167014	$0.000000
70509V506	PEB/PRD	12/31/2020	1/15/2021	$0.398440	$0.000000	$0.000000	$0.398440	$0.000000
70509V506	PEB/PRD	3/31/2021	4/15/2021	$0.398440	$0.000000	$0.000000	$0.398440	$0.000000
70509V506	PEB/PRD	6/30/2021	7/15/2021	$0.398440	$0.000000	$0.169164	$0.229276	$0.000000
70509V506	PEB/PRD	8/21/2021	8/21/2021	$0.159375	$0.000000	$0.000000	$0.159375	$0.000000
70509V605	PEB/PRE	12/31/2020	1/15/2021	$0.398440	$0.000000	$0.000000	$0.398440	$0.000000
70509V605	PEB/PRE	3/31/2021	4/15/2021	$0.398440	$0.000000	$0.000000	$0.398440	$0.000000
70509V605	PEB/PRE	6/30/2021	7/15/2021	$0.398440	$0.000000	$0.169164	$0.229276	$0.000000
70509V605	PEB/PRE	9/30/2021	10/15/2021	$0.398440	$0.000000	$0.342652	$0.055788	$0.000000
70509V704	PEB/PRF	12/31/2020	1/15/2021	$0.393750	$0.000000	$0.000000	$0.393750	$0.000000
70509V704	PEB/PRF	3/31/2021	4/15/2021	$0.393750	$0.000000	$0.000000	$0.393750	$0.000000
70509V704	PEB/PRF	6/30/2021	7/15/2021	$0.393750	$0.000000	$0.167173	$0.226577	$0.000000
70509V704	PEB/PRF	9/30/2021	10/15/2021	$0.393750	$0.000000	$0.338619	$0.055131	$0.000000
70509V803	PEB/PRG	9/30/2021	10/15/2021	$0.672920	$0.000000	$0.578701	$0.094219	$0.000000
70509V886	PEB/PRH	9/30/2021	10/15/2021	$0.308750	$0.000000	$0.265520	$0.043230	$0.000000

For shareholders with shares held through a bank, broker or nominee, questions regarding the dividend should be directed to the applicable bank, broker or nominee. For registered shareholders, questions regarding the dividends should be directed to the Company’s transfer Agent: EQ Shareowner Services at (800) 468-9716. Shareholders are encouraged to consult with a personal tax advisor regarding their specific tax treatment of the Company’s distributions.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guest rooms across 15 urban and resort markets. For more information, visit www.pebblebrookhotels.com and follow us at @PebblebrookPEB.

For information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company’s website at www.pebblebrookhotels.com.

For additional information or to receive press releases via email, please visit our website at
www.pebblebrookhotels.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005343/en/

Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330

Source: Pebblebrook Hotel Trust

FAQ

What is the dividend amount for Pebblebrook Hotel Trust (PEB) in 2021?

The dividend amount for 2021 is $0.010000 per share for each quarter.

What are the record and payable dates for PEB's 2021 dividends?

The record dates are December 31, 2020, March 31, June 30, and September 30, 2021. The payable dates are January 15, April 15, July 15, and October 15, 2021.

How does Pebblebrook Hotel Trust's dividend impact tax treatment?

Shareholders should consult a tax advisor for specific guidance on the tax treatment of Pebblebrook's distributions.