MALVERN, PA--(Marketwired - January 20, 2016) - In the news release, "CubeSmart Announces Tax Allocations of 2015 Distributions," issued earlier today by CubeSmart (NYSE: CUBE), we are advised by the company that values have been changed in both of the distribution tables. Complete corrected text follows.
CubeSmart Announces Tax Allocations of 2015 Distributions
MALVERN, PA -- January 20, 2016 -- CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today the tax allocations of its 2015 distributions for CubeSmart Common Shares of Beneficial Interest and for CubeSmart 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest.
The 2015 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:
Total Ordinary
Distribution Dividend
Record Date Payable Date per Share (Box 1a)
1/2/2015 1/15/2015 $ 0.16 $ 0.152102
4/1/2015 4/15/2015 $ 0.16 $ 0.152102
7/1/2015 7/15/2015 $ 0.16 $ 0.152102
10/1/2015 10/15/2015 $ 0.16 $ 0.152102
---------------- ----------------
$ 0.64 $ 0.604808
Unrecaptured
Total Capital Section 1250 Non-Taxable
Gain Gain (1) (Box Distribution
(Box 2a) 2b) (Box 3)
$ 0.007898 $ 0.001145 $ 0.000000
$ 0.007898 $ 0.001145 $ 0.000000
$ 0.007898 $ 0.001145 $ 0.000000
$ 0.007898 $ 0.001145 $ 0.000000
---------------- ---------------- ----------------
$ 0.035192 $ 0.004580 $ 0.000000
- Amounts in Box 2b are included in Box 2a.
The fourth quarter 2015 distribution made to holders of record as of January 4, 2016 for the common shares is considered a 2016 distribution for federal income tax purposes.
The 2015 distributions paid with respect to CubeSmart 7.75% Series A Cumulative Redeemable Preferred Shares (CUSIP #229663-208 and traded under ticker symbol CUBE PR A) are as follows:
Total Ordinary
Distribution Dividend
Record Date Payable Date per Share (Box 1a)
1/2/2015 1/15/2015 $ 0.484375 $ 0.457741
4/1/2015 4/15/2015 $ 0.484375 $ 0.457741
7/1/2015 7/15/2015 $ 0.484375 $ 0.457741
10/1/2015 10/15/2015 $ 0.484375 $ 0.457741
---------------- ----------------
$ 1.937500 $ 1.830964
Unrecaptured
Section 1250 Non-Taxable
Total Capital Gain (1) (Box Distribution
Gain (Box 2a) 2b) (Box 3)
$ 0.026634 $ 0.003467 $ 0.000000
$ 0.026634 $ 0.003467 $ 0.000000
$ 0.026634 $ 0.003467 $ 0.000000
$ 0.026634 $ 0.003467 $ 0.000000
---------------- ---------------- ----------------
$ 0.106536 $ 0.013868 $ 0.000000
- Amounts in Box 2b are included in Box 2a.
The fourth quarter 2015 distribution made to holders of record as of January 4, 2016 for the 7.75% Series A Cumulative Redeemable Preferred Shares is considered a 2016 distribution for federal income tax purposes.
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 678 self-storage facilities across the United States. According to the 2016 Self Storage Almanac, CubeSmart is one of the top four owners and operators of self-storage facilities in the U.S.
The Company's mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its Customers -- through innovative solutions, unparalleled service, and genuine care. The Company's self-storage facilities are designed to offer affordable, easily accessible, secure, and, in most locations, climate-controlled storage space for residential and commercial customers.
For more information about business and personal storage or to learn more about the Company and find a nearby storage facility, visit www.CubeSmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
CubeSmart
Charles Place
Director, Investor Relations
(610) 535-5700
