RLJ Lodging Trust Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

RLJ Lodging Trust announced the 2022 tax classification of dividend distributions for common and Series A preferred share holders. Total distribution per common share for 2022 is $0.0800, with all being ordinary non-qualifying dividends. For Series A preferred shares, the total distribution per share is $1.9500, also comprising only ordinary non-qualifying dividends. Payments for these dividends were made on various dates in 2022, with record dates including December 31, 2021, and payment dates ranging from January 18, 2022, to October 31, 2022. Shareholders are advised to consult tax advisors regarding specific tax treatments.

Positive

• Total dividend distribution for common shares is $0.0800, demonstrating steady returns for shareholders.
• Series A preferred shareholders received a total distribution of $1.9500, indicating strong financial health.

Negative

• No qualifying dividend distributions reported, which may limit tax benefits for shareholders.

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2022 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares during the year ended December 31, 2022.

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 2022		Ordinary Non- Qualifying Dividend			Return of Capital			Eligible Sec. 199A Dividend
12/31/2021	1/18/2022	$	0.0100	$	0.0100	$	0.0072		$	0.0028		$	0.0072
3/31/2022	4/15/2022	$	0.0100	$	0.0100	$	0.0072		$	0.0028		$	0.0072
6/30/2022	7/15/2022	$	0.0100	$	0.0100	$	0.0072		$	0.0028		$	0.0072
9/30/2022	10/17/2022	$	0.0500	$	0.0500	$	0.0359		$	0.0141		$	0.0359
Total		$	0.0800	$	0.0800	$	0.0575		$	0.0225		$	0.0575
Percent							72	%		28	%

Series A Preferred Stock (CUSIP # 74965L200):
Record Date	Payment Date	Total Distribution Per Share		Total Distribution Allocable to 2022		Ordinary Non- Qualifying Dividend			Eligible Sec.199A Dividend
12/31/2021	1/31/2022	$	0.4875	$	0.4875	$	0.4875		$	0.4875
3/31/2022	4/29/2022	$	0.4875	$	0.4875	$	0.4875		$	0.4875
6/30/2022	7/29/2022	$	0.4875	$	0.4875	$	0.4875		$	0.4875
9/30/2022	10/31/2022	$	0.4875	$	0.4875	$	0.4875		$	0.4875
Total		$	1.9500	$	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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005171/en/

Sean M. Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7774

For additional information or to receive press releases via email, please visit our website:

http://www.rljlodgingtrust.com

Source: RLJ Lodging Trust

FAQ

What is the dividend distribution amount for RLJ Lodging Trust in 2022?

The total dividend distribution per common share for 2022 is $0.0800.

When were the dividends for RLJ Lodging Trust paid in 2022?

Dividends were paid on various dates including January 18, April 15, July 15, and October 17, 2022.

What type of dividend was distributed by RLJ Lodging Trust in 2022?

Both common and Series A preferred shares received ordinary non-qualifying dividends.

What is the total distribution for Series A preferred shares of RLJ Lodging Trust?

The total distribution for Series A preferred shares is $1.9500 per share.

Are there any tax implications for dividends received from RLJ Lodging Trust?

Shareholders are encouraged to consult their tax advisors as the dividends are classified as ordinary non-qualifying.