CHARLOTTE, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) — Extended Stay America, Inc. and ESH Hospitality, Inc. (collectively, the “Company”), as we speak introduced the tax therapy for the combination distributions of $2.19 per paired share paid to Extended Stay America, Inc.’s frequent shareholders and ESH Hospitality, Inc.’s Class A and Class B frequent shareholders in the course of the calendar yr ended December 31, 2021.
For the tax yr ended December 31, 2021, ESH Hospitality, Inc.’s combination distributions of $0.44 per Class A and Class B frequent shares have been categorised as 80.56% Ordinary Income and Section 199A Qualified Business Income and 19.44% Capital Gain Income. For the tax yr ended December 31, 2021, Extended Stay America Inc.’s combination distributions of $1.75 per frequent share have been categorised as 100% Qualified Dividend.
Shareholders are inspired to seek the advice of with their tax advisors as to the particular tax therapy of ESH Hospitality, Inc.’s and Extended Stay America, Inc.’s distributions. The data contained herein doesn’t represent tax recommendation and doesn’t purport to be full or to explain the results which will apply to stockholders. The Company doesn’t present tax recommendation to its stockholders.
| Dividend | Ordinary Income/ | Capital Gain | Qualified | |||||||||||||
| per Share | Section 199A Income | Income | Dividend | Total | ||||||||||||
| ESH Hospitality, Inc. | $ | 0.44 | 80.56 | % | 19.44 | % | 0.00 | % | 100.00 | % | ||||||
| Extended Stay America, Inc. | $ | 1.75 | 0.00 | % | 0.00 | % | 100.00 | % | 100.00 | % | ||||||
| $ | 2.19 | |||||||||||||||
| ESH | Extended Stay | Ordinary Income/ | Capital Gain | Qualified | ||||||||||||
| Amount Per Dividend Date | Hospitality, Inc. | America, Inc. | Total | Section 199A Income | Income | Dividend | Total | |||||||||
| January 20, 2021 | $ | 0.35 | $ | – | $ | 0.35 | 80.56 | % | 19.44 | % | 0.00 | % | 100.00 | % | ||
| March 26, 2021 | $ | 0.09 | $ | – | $ | 0.09 | 80.56 | % | 19.44 | % | 0.00 | % | 100.00 | % | ||
| June 16, 2021 | $ | – | $ | 1.75 | $ | 1.75 | 0.00 | % | 0.00 | % | 100.00 | % | 100.00 | % | ||
| Total | $ | 0.44 | $ | 1.75 | $ | 2.19 | ||||||||||
Forward Looking Statements
This press launch might include forward-looking statements throughout the that means of the federal securities legal guidelines. Forward-looking statements relate to expectations, beliefs, projections, future plans and methods, anticipated occasions or traits and related expressions regarding issues that aren’t historic details. In some instances, you possibly can determine forward-looking statements by means of forward-looking terminology similar to “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the damaging of those phrases and phrases or related phrases or phrases which might be predictions of or point out future occasions, or traits and that don’t relate solely to historic issues. Forward-looking statements contain identified and unknown dangers, uncertainties, assumptions and contingencies, lots of that are past the corporate’s management, which will trigger precise outcomes to vary considerably from these expressed in any forward-looking assertion. All forward-looking statements mirror the corporate’s good religion beliefs, assumptions and expectations, however they aren’t ensures of future efficiency. Furthermore, the Company disclaims any obligation to publicly replace or revise any forward-looking assertion to mirror adjustments in underlying assumptions or components, new data, knowledge or strategies, future occasions or different adjustments. For an extra dialogue of those and different components that would trigger the Company’s future outcomes to vary materially from any forward-looking statements, see the part entitled “Risk Factors” within the Company’s Annual Report on Form 10-Ok filed with the Securities and Exchange Commission, and different dangers described in paperwork subsequently filed by the corporate now and again with the SEC.
About Extended Stay America, Inc. and ESH Hospitality, Inc.
On June 16, 2021, Extended Stay America, Inc. and its managed subsidiary, ESH Hospitality, Inc. have been acquired by funds managed by Blackstone Real Estate Partners and Starwood Capital Group.
Contacts
Investors and Media:
Kathy Long
(980) 345-1500 ext. 2006
[email protected]
