CORRECTING and REPLACING Chesapeake Lodging Trust Announces 2017 Dividend Income Tax Treatment

Tables of release dated January 24, 2018 have been revised for the Total Ordinary Dividends amounts to include the Qualified Dividends amounts.

The corrected release reads:

CHESAPEAKE LODGING TRUST ANNOUNCES 2017 DIVIDEND INCOME TAX TREATMENT

Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today the estimated income tax classification of the Trust’s 2017 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax classification of the 2017 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following tables:

COMMON SHARES(1):

        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
          Total Cash
        
        
        
        
          Total
        
        
        
        
        
        
        
        
          Total
        
        
        
        
          Unrecaptured
        
        
        
        
        
      
      
        
          Record
        
        
        
        
          Payment
        
        
        
        
          Distribution
        
        
        
        
          Ordinary
        
        
        
        
          Qualified
        
        
        
        
          Capital Gain
        
        
        
        
          Section 1250
        
        
        
        
          Return of
        
      
      
        
          Date
        
        
           
        
        
          Date
        
        
           
        
        
          Per Share
        
        
           
        
        
          Dividends
        
        
           
        
        
          

Dividends(2)

        
        
           
        
        
          Distribution
        
        
           
        
        
          

Gain(3)

        
        
           
        
        
          Capital
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          12/30/2016
        
        
        
        
          01/13/2017
        
        
        
        
          $0.400000
        
        
        
        
          $0.321093
        
        
        
        
          $0.010394
        
        
        
        
          $0.022294
        
        
        
        
          $0.020457
        
        
        
        
          $0.056613
        
      
      
        
          03/31/2017
        
        
        
        
          04/14/2017
        
        
        
        
          0.400000
        
        
        
        
          0.321093
        
        
        
        
          0.010394
        
        
        
        
          0.022294
        
        
        
        
          0.020457
        
        
        
        
          0.056613
        
      
      
        
          06/30/2017
        
        
        
        
          07/14/2017
        
        
        
        
          0.400000
        
        
        
        
          0.321093
        
        
        
        
          0.010394
        
        
        
        
          0.022294
        
        
        
        
          0.020457
        
        
        
        
          0.056613
        
      
      
        
          09/29/2017
        
        
        
        
          10/13/2017
        
        
        
        
          

0.400000

0.321093

0.010394

0.022294

0.020457

0.056613

$1.600000

$1.284372

$0.041576

$0.089176

$0.081828

$0.226452

PREFERRED SHARES(4):

        
      
      
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Total Cash
        
        
        
        
          Total
        
        
        
        
        
        
        
        
          Total
        
        
        
        
          Unrecaptured
        
        
        
        
        
      
      
        
          Record
        
        
        
        
          Payment
        
        
        
        
          Distribution
        
        
        
        
          Ordinary
        
        
        
        
          Qualified
        
        
        
        
          Capital Gain
        
        
        
        
          Section 1250
        
        
        
        
          Return of
        
      
      
        
          Date
        
        
           
        
        
          Date
        
        
           
        
        
          Per Share
        
        
           
        
        
          Dividends
        
        
           
        
        
          

Dividends(2)

        
        
           
        
        
          Distribution
        
        
           
        
        
          

Gain(3)

        
        
           
        
        
          Capital
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          03/31/2017
        
        
        
        
          04/14/2017
        
        
        
        
          $0.484375
        
        
        
        
          $0.452927
        
        
        
        
          $0.014661
        
        
        
        
          $0.031448
        
        
        
        
          $0.028856
        
        
        
        
          $0.000000
        
      
      
        
          06/30/2017
        
        
        
        
          07/14/2017
        
        
        
        
          0.484375
        
        
        
        
          0.452927
        
        
        
        
          0.014661
        
        
        
        
          0.031448
        
        
        
        
          0.028856
        
        
        
        
          0.000000
        
      
      
        
          –
        
        
        
        
          07/17/2017
        
        
        
        
          

0.010764

0.010065

0.000326

0.000699

0.000641

0.000000

$0.979514

$0.915919

$0.029648

$0.063595

$0.058353

$0.000000

        
      
    
    
      
        
          _______________
        
      
      
        
          (1)
        
        
           
        
        
          Common shareholders should note that the fourth quarter 2017 
          distribution, which had a record date of December 29, 2017 and was 
          paid on January 12, 2018, will be reported on the 2018 Form 1099-DIV 
          to be provided to shareholders in January 2019.
        
      
      
        
          (2)
        
        
        
        
          Qualified Dividends is a subset of, and included in, the Total 
          Ordinary Dividends amount.
        
      
      
        
          (3)
        
        
        
        
          Unrecaptured Section 1250 Gain is a subset of, and included in, the 
          Total Capital Gain Distribution amount.
        
      
      
        
          (4)
        
        
        
        
          On July 17, 2017, the Trust redeemed all 5,000,000 shares of its 
          issued and outstanding 7.75% Series A Cumulative Redeemable 
          Preferred Shares at a redemption amount of $25.00 per share, plus an 
          amount equal to all accrued and unpaid dividends to, but not 
          including, the redemption date.
        
      
      
        
        
        
        
        
           
        
      
    
    

This release is based on the preliminary results of work on the Trust’s tax filings and is subject to correction or adjustment when the filings are completed. The Trust is releasing information at this time to aid those required to distribute Forms 1099 on the Trust’s distributions. No material change in these classifications is expected. Shareholders are encouraged to consult with their own tax advisors as to the specific tax treatment to them of the Trust’s distributions.

ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 21 hotels with an aggregate of 6,479 rooms in eight states and the District of Columbia. Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.

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Chesapeake Lodging TrustDouglas W. Vicari, 571-349-9452