NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today
announced that the characterization of dividends for 2004 income tax
reporting purposes is as follows:
Common Shares
Dividend Allocation
Per Share
--------------------
Declaration Record Paid/Payable Dividends Ordinary Return of
Dates Dates Dates Per Share Income Capital
----------- --------- ------------ ---------- ----------- --------
04/16/04 05/04/04 05/20/04 $0.7200 $0.7200 $0.0000
07/01/04 07/22/04 08/20/04 0.7200 0.7200 0.0000
10/01/04 10/22/04 11/19/04 0.7200 0.7200 0.0000
12/09/04 12/30/04 01/31/05 0.7200 0.7200 0.0000
---------- ----------- --------
TOTALS: $2.8800 $2.8800 $0.0000
========== =========== ========
100.00% 100.00% 0.00%
HPT's common share CUSIP number is 44106M102. The Company did not
incur any foreign taxes and had no capital gains. None of the common
dividends paid by the Company were Qualified Dividends. The Company
reported that the common dividend declared on December 9, 2004 with a
record date of December 30, 2004, and payable date of January 31, 2005
is taxable in 2004. This information represents final income
allocations.
Series A Preferred Shares
Dividend Allocation
Per Share
-------------------
Declaration Record Paid/Payable Dividends Ordinary Return of
Dates Dates Dates Per Share Income Capital
----------- --------- ------------- --------- ---------- --------
03/02/04 03/16/04 03/31/04 $0.5938 $0.5938 $0.0000
03/10/04 04/12/04 04/12/04 0.0792 0.0792 0.0000
--------- -------------------
TOTALS: $0.6730 $0.6730 $0.0000
========= ===================
100.00% 100.00% 0.00%
On April 12, 2004, the Company redeemed all of its outstanding Series
A preferred shares. HPT's Series A preferred share CUSIP number is
44106M300. The Company did not incur any foreign taxes and had no
capital gains. None of the Series A preferred dividends paid by the
Company were Qualified Dividends. This information represents final
income allocations.
Series B Preferred Shares
Dividend Allocation
Per Share
-------------------
Declaration Record Paid/Payable Dividends Ordinary Return of
Dates Dates Dates Per Share Income Capital
----------- ---------- ------------- --------- ---------- --------
11/12/03 01/02/04 01/15/04 $0.5547 $0.5547 $0.0000
03/02/04 04/01/04 04/15/04 0.5547 0.5547 0.0000
06/01/04 07/01/04 07/15/04 0.5547 0.5547 0.0000
09/01/04 10/01/04 10/15/04 0.5547 0.5547 0.0000
12/01/04 12/31/04 01/18/05 0.5547 0.5547 0.0000
--------- ---------- --------
TOTALS: $2.7734 $2.7734 $0.0000
========= ========== ========
100.00% 100.00% 0.00%
HPT's Series B preferred share CUSIP number is 44106M409. The Company
did not incur any foreign taxes and had no capital gains. None of the
Series B preferred dividends paid by the Company were Qualified
Dividends. The Company reported that the Series B preferred dividend
declared on December 1, 2004 with a record date of December 31, 2004,
and payable date of January 18, 2005 is taxable in 2004. This
information represents final income allocations.
HPT is a real estate investment trust headquartered in Newton, MA, which
invests in hotels. HPT currently has investments in 285 hotels in 38
states.
Hospitality Properties Trust Investor Relations:
Timothy A. Bonang
617-796-8149
www.hptreit.com