PHILADELPHIA, PA — Hersha Hospitality Trust (NYSE: HT) has announced the tax classification of its 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 2022 for Federal income tax reporting purposes. The tax information provided below 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 | 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** | |||||||||||||||||||||
| 9/30/2022 | 10/17/2022 | $ | 0.050000 | $ | 0.001086 | $ | 0.048914 | $ | 0.021015 | $ | – | $ | 0.001086 | $ | 0.001086 | $ | 0.048914 | $ | – | $ | – | |||||||||||
| 12/30/2022 | 1/18/2023 | $ | 0.550000 | $ | 0.011949 | $ | 0.538051 | $ | 0.231164 | $ | – | $ | 0.011949 | $ | 0.011949 | $ | 0.538051 | $ | – | $ | – | |||||||||||
| TOTAL | $ | 0.600000 | $ | 0.013035 | $ | 0.586965 | $ | 0.252179 | $ | – | $ | 0.013035 | $ | 0.013035 | $ | 0.586965 | $ | – | $ | – | ||||||||||||
| Percent | 100.00% | 2.17% | 97.83% | 42.03% | N/A | 2.17% | 2.17% | 97.83% | N/A | N/A | ||||||||||||||||||||||
| The CUSIP number for Hersha Hospitality Trust’s Common Shares is 427825500. | ||||||||||||||||||||||||||||||||
| 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)* | Section 199A Dividends | Section 897 Ordinary Dividends | Section 897 Capital Gain | Section 1061 One-Year Capital Gain** | Section 1061 Three-Year Capital Gain** | |||||||||||||||||||||
| 12/31/2021 | 1/18/2022 | $ | 0.429700 | $ | 0.009336 | $ | 0.420364 | $ | 0.180602 | $ | – | $ | 0.009336 | $ | 0.009336 | $ | 0.420364 | $ | – | $ | – | |||||||||||
| 3/31/2022 | 4/18/2022 | $ | 0.429700 | $ | 0.009336 | $ | 0.420364 | $ | 0.180602 | $ | – | $ | 0.009336 | $ | 0.009336 | $ | 0.420364 | $ | – | $ | – | |||||||||||
| 7/1/2022 | 7/15/2022 | $ | 0.429700 | $ | 0.009336 | $ | 0.420364 | $ | 0.180602 | $ | – | $ | 0.009336 | $ | 0.009336 | $ | 0.420364 | $ | – | $ | – | |||||||||||
| 10/1/2022 | 10/17/2022 | $ | 0.429700 | $ | 0.009336 | $ | 0.420364 | $ | 0.180602 | $ | – | $ | 0.009336 | $ | 0.009336 | $ | 0.420364 | $ | – | $ | – | |||||||||||
| 12/30/2022 | 1/17/2023 | $ | 0.429700 | $ | 0.009336 | $ | 0.420364 | $ | 0.180602 | $ | – | $ | 0.009336 | $ | 0.009336 | $ | 0.420364 | |||||||||||||||
| TOTAL | $ | 2.148500 | $ | 0.046680 | $ | 2.101820 | $ | 0.903010 | $ | – | $ | 0.046680 | $ | 0.046680 | $ | 2.101820 | $ | – | $ | – | ||||||||||||
| Percent | 100.00% | 2.17% | 97.83% | 42.03% | N/A | 2.17% | 2.17% | 97.83% | N/A | N/A | ||||||||||||||||||||||
| The CUSIP number for Hersha Hospitality Trust’s Series C Preferred Shares is 427825401 | ||||||||||||||||||||||||||||||||
| SERIES D 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)* | Section 199A Dividends | Section 897 Ordinary Dividends | Section 897 Capital Gain | Section 1061 One-Year Capital Gain** | Section 1061 Three-Year Capital Gain** | |||||||||||||||||||||
| 12/31/2021 | 1/18/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 3/31/2022 | 4/18/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 7/1/2022 | 7/15/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 10/1/2022 | 10/17/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 12/30/2022 | 1/17/2023 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | |||||||||||||||
| TOTAL | $ | 2.031250 | $ | 0.044130 | $ | 1.987120 | $ | 0.853730 | $ | – | $ | 0.044130 | $ | 0.044130 | $ | 1.987120 | $ | – | $ | – | ||||||||||||
| Percent | 100.00% | 2.17% | 97.83% | 42.03% | N/A | 2.17% | 2.17% | 97.83% | N/A | N/A | ||||||||||||||||||||||
| The CUSIP number for Hersha Hospitality Trust’s Series D Preferred Shares is 427825609 | ||||||||||||||||||||||||||||||||
| SERIES E 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)* | Section 199A Dividends | Section 897 Ordinary Dividends | Section 897 Capital Gain | Section 1061 One-Year Capital Gain** | Section 1061 Three-Year Capital Gain** | |||||||||||||||||||||
| 12/31/2021 | 1/18/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 3/31/2022 | 4/18/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 7/1/2022 | 7/15/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 10/1/2022 | 10/17/2022 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | $ | – | $ | – | |||||||||||
| 12/30/2022 | 1/17/2023 | $ | 0.406250 | $ | 0.008826 | $ | 0.397424 | $ | 0.170746 | $ | – | $ | 0.008826 | $ | 0.008826 | $ | 0.397424 | |||||||||||||||
| TOTAL | $ | 2.031250 | $ | 0.044130 | $ | 1.987120 | $ | 0.853730 | $ | – | $ | 0.044130 | $ | 0.044130 | $ | 1.987120 | $ | – | $ | – | ||||||||||||
| Percent | 100.00% | 2.17% | 97.83% | 42.03% | N/A | 2.17% | 2.17% | 97.83% | N/A | N/A | ||||||||||||||||||||||
| The CUSIP number for Hersha Hospitality Trust’s Series E Preferred Shares is 427825708 | ||||||||||||||||||||||||||||||||
| * Distributions will reduce a shareholder’s adjusted tax basis in its shares. Any amount of the distribution that exceeds a shareholder’s adjusted tax basis in its shares will be treated as gain from the sale or exchange of property. | ||||||||||||||||||||||||||||||||
| ** Additional Information Pursuant to Treasury Regulation §1.1061-6(c): The total Box 2a capital gain distributions are Section 1231 gains and therefore are not taken into account for purposes of section 1061 under Reg. 1.1061-4(b)(7)(i). | ||||||||||||||||||||||||||||||||
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