DiamondRock Hospitality Company Announces Tax Treatment Of Its 2016 Dividends

News provided by

Jan 27, 2017, 07:30 ET

BETHESDA, Md., Jan. 27, 2017 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2016 distributions to shareholders.


Record Date	Payable Date	Total Cash Distribution per Share	Ordinary Dividend per Share

12/31/2015	1/12/2016	$0.081675	$0.081675
3/31/2016	4/12/2016	$0.125000	$0.125000
6/30/2016	7/12/2016	$0.125000	$0.125000
9/30/2016	10/12/2016	$0.125000	$0.125000
12/30/2016	1/12/2017	$0.058032	$0.058032

Totals		$0.514707	$0.514707

The table above reflects the treatment of the dividends for the 2016 tax year. A total of 46.4259% (or $0.058032 per share) of the distributions paid on January 12, 2017 to shareholders of record on December 30, 2016 are considered 2016 distributions for federal income tax purposes. The balance of the January 12, 2017 distribution (53.5741% or $0.066968 per share) will be considered a 2017 distribution and will be reported in a manner to be determined with respect to the 2017 tax year. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of DiamondRock distributions.

About the Company

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 26 premium quality hotels with over 9,400 rooms. The Company has strategically positioned its hotels to be operated both under leading global brands such as Hilton, Marriott, and Westin and boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.

SOURCE DiamondRock Hospitality Company