RLJ Lodging Trust Announces 2020 Dividend Income Tax Information

Rhea-AI Summary

RLJ Lodging Trust (NYSE:RLJ) announced the 2020 tax classification for dividends paid on its common and Series A Preferred Shares. The Company declared total distributions per share of $0.3600 for common stock and $1.9500 for Series A Preferred Stock, with payment dates ranging from January to October 2020. The classification details are provided for shareholders to assist in their tax reporting. Investors should consult their tax advisors for personalized advice on tax treatment.

Positive

• Total distribution of $0.3600 per common share for 2020.
• Total distribution of $1.9500 per Series A Preferred share for 2020.

Negative

• None.

RLJ Lodging Trust (the “Company”) (NYSE:RLJ) today announced the 2020 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.

The income tax classification as expected to be reported on Form 1099-DIV is as follows:

Common Stock (CUSIP # 74965L101):

Record Date		Payment Date		Total Distribution Per Share		Total Distribution Allocable to 2020		Return of Capital
12/31/2019		1/15/2020		$0.3300		$0.3300		$0.3300
3/31/2020		4/15/2020		$0.0100		$0.0100		$0.0100
6/30/2020		7/15/2020		$0.0100		$0.0100		$0.0100
9/30/2020		10/15/2020		$0.0100		$0.0100		$0.0100
Total				$0.3600		$0.3600		$0.3600
Percent								100%

Series A Preferred Stock (CUSIP # 74965L200):

Record Date		Payment Date		Total Distribution Per Share		Total Distribution Allocable to 2020		Return of Capital
12/31/2019		1/31/2020		$0.4875		$0.4875		$0.4875
3/31/2020		4/30/2020		$0.4875		$0.4875		$0.4875
6/30/2020		7/31/2020		$0.4875		$0.4875		$0.4875
9/30/2020		10/30/2020		$0.4875		$0.4875		$0.4875
Total				$1.9500		$1.9500		$1.9500
Percent								100%

The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment.

About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

For additional information or to receive press releases via email, please visit our website:
http://www.rljlodgingtrust.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005953/en/

FAQ

What is the 2020 dividend distribution amount for RLJ Lodging Trust?

The total distribution for common shares is $0.3600, and for Series A Preferred shares, it is $1.9500.

When are the payment dates for RLJ's 2020 dividends?

Payment dates for common stock dividends range from January 15, 2020, to October 15, 2020, while Series A Preferred stock payments are from January 31 to October 30, 2020.

How should RLJ shareholders report their dividends for 2020?

Shareholders are advised to consult their tax advisors for specific tax treatment regarding the dividends.

What are the record dates for RLJ Lodging Trust's 2020 dividends?

Record dates for common stocks include December 31, 2019, March 31, June 30, and September 30, 2020; for Series A Preferred stocks, they are the same dates.