DALLAS, Jan. 29, 2018 /PRNewswire/ -- Ashford
Hospitality Prime, Inc. (NYSE: AHP) today announced the tax
reporting (Federal Form 1099-DIV) information for the 2017
distributions on its common shares and its Series B preferred
shares.
The income tax treatment for 2017 for Ashford Hospitality Prime,
Inc. Common Stock CUSIP #044102101 traded on the NYSE under ticker
symbol "AHP" is as follows:
|
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Capital Gain
Distribution
|
Unrecaptured 1250
Gain
|
Return of
Capital
|
|
Total Cash Per
Share
|
$0.4800000
|
$0.1338024
|
$0.0296724
|
$0.0670836
|
$0.2494416
|
|
Total
Distributions
|
$0.4800000
|
$0.1338024
|
$0.0296724
|
$0.0670836
|
$0.2494416
|
|
Percent
|
100%
|
27.87547%
|
6.18174%
|
13.97574%
|
51.96705%
|
The common distributions that the company paid on January 17, 2017 to shareholders of record as of
December 30, 2016 were reportable in
2016. The common distributions that the company paid on
January 16, 2018 to shareholders of
record as of December 29, 2017 are
reportable in 2018.
The income tax treatment for the 2017 distributions for Ashford
Hospitality Prime, Inc. Series B Preferred Stock CUSIP #044102408
is as follows:
|
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Capital Gain
Distribution
|
Unrecaptured 1250
Gain
|
Return of
Capital
|
|
Total Cash Per
Share
|
$1.3752000
|
$0.7980843
|
$0.1769854
|
$0.4001303
|
$0.00
|
|
Total
Distributions
|
$1.3752000
|
$0.7980843
|
$0.1769854
|
$0.4001303
|
$0.00
|
|
Percent
|
100%
|
58.03405%
|
12.86980%
|
29.09615%
|
0.00%
|
The preferred distributions that the company paid on
January 17, 2017 to shareholders of
record as of December 30, 2016 were
reportable in 2016. The preferred distributions that the company
paid on January 16, 2018 to
shareholders of record as of December 29,
2017 are reportable in 2017.
In accordance with IRS Code Section 6045B, the Company will post Form 8937, Report of
Organizational Actions Affecting Basis of Securities, which may be
found in the Corporate Actions section of the company's website.
This form provides detailed information on the return of capital
portion of the preferred and common share distributions. The
Company encourages shareholders to consult with their own tax
advisors with respect to the federal, state and local, and foreign
income tax effects of these dividends.
The Company encourages shareholders to consult with their own
tax advisors with respect to the federal, state and local, and
foreign income tax effects of these dividends.
Ashford Hospitality Prime is a real estate investment trust
(REIT) focused on investing in luxury hotels and resorts.
Ashford has created an Ashford App for the hospitality REIT
investor community. The Ashford App is available for free
download at Apple's App Store and
the Google Play Store by searching "Ashford."
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SOURCE Ashford Hospitality Prime, Inc.