RLJ Lodging Trust Announces Tax Treatment of 2023 Dividends

Rhea-AI Summary

RLJ Lodging Trust (RLJ) announced the 2023 tax classification of dividend distributions for common shares and Series A Preferred Shares. The total distribution for common shares is $0.41 per share, with 90% classified as ordinary non-qualifying dividend and 10% as qualifying dividend. For Series A Preferred Shares, the total distribution is $2.4375 per share, with the same 90-10 split. The information is preliminary and subject to correction.

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2023 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, 2023.

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 2023	Ordinary Non-Qualifying Dividend	Qualifying Dividend	Eligible Sec. 199A Dividend
12/31/2022	1/17/2023	$0.0500	$0.0500	$0.0450	$0.0050	$0.0450
3/31/2023	4/17/2023	$0.0800	$0.0800	$0.0720	$0.0080	$0.0720
6/30/2023	7/17/2023	$0.0800	$0.0800	$0.0720	$0.0080	$0.0720
9/29/2023	10/16/2023	$0.1000	$0.1000	$0.0900	$0.0100	$0.0900
12/29/2023	1/16/2024	$0.1000	$0.1000	$0.0900	$0.0100	$0.0900
Total		$0.4100	$0.4100	$0.3690	$0.0410	$0.3690
Percent				90%	10%

Series A Preferred Stock (CUSIP # 74965L200):

Record Date	Payment Date	Total Distribution Per Share	Total Distribution Allocable to 2023	Ordinary Non-Qualifying Dividend	Qualifying Dividend	Eligible Sec. 199A Dividend
12/31/2022	1/31/2023	$0.4875	$0.4875	$0.43875	$0.04875	$0.43875
3/31/2023	4/28/2023	$0.4875	$0.4875	$0.43875	$0.04875	$0.43875
6/30/2023	7/31/2023	$0.4875	$0.4875	$0.43875	$0.04875	$0.43875
9/29/2023	10/31/2023	$0.4875	$0.4875	$0.43875	$0.04875	$0.43875
12/29/2023	1/31/2024	$0.4875	$0.4875	$0.43875	$0.04875	$0.43875
Total		$2.4375	$2.4375	$2.19375	$0.24375	$2.19375
Percent				90%	10%

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/20240130141859/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 2023 tax classification of dividend distributions for RLJ common shares?

The 2023 tax classification for RLJ common shares is 90% ordinary non-qualifying dividend and 10% qualifying dividend.

What is the total distribution per share for RLJ common shares in 2023?

The total distribution per share for RLJ common shares in 2023 is $0.41.

What is the 2023 tax classification of dividend distributions for RLJ Series A Preferred Shares?

The 2023 tax classification for RLJ Series A Preferred Shares is 90% ordinary non-qualifying dividend and 10% qualifying dividend.

What is the total distribution per share for RLJ Series A Preferred Shares in 2023?

The total distribution per share for RLJ Series A Preferred Shares in 2023 is $2.4375.

Is the tax information provided by RLJ final?

No, the information provided is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed.