SOURCE: CubeSmart

CubeSmart

January 18, 2017 16:00 ET

CubeSmart Announces Tax Allocations of 2016 Distributions

MALVERN, PA--(Marketwired - January 18, 2017) - 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 2016 distributions for CubeSmart Common Shares of Beneficial Interest and for CubeSmart 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest.

The 2016 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:

                   
Record Date  Payable Date  Total Distribution per Share  Ordinary Dividend (Box 1a)  Total Capital Gain (Box 2a)  Unrecaptured Section 1250 Gain(1) (Box 2b)  Cash Liquidation Distribution (Box 8)
                        
1/4/2016  1/15/2016  $0.21  $0.207192  $0.002808  $0.000000  $0.000000
4/1/2016  4/15/2016  $0.21  $0.207192  $0.002808  $0.000000  $0.000000
7/1/2016  7/15/2016  $0.21  $0.207192  $0.002808  $0.000000  $0.000000
10/3/2016  10/17/2016  $0.21  $0.207192  $0.002808  $0.000000  $0.000000
      $0.84  $0.828768  $0.011232  $0.000000  $0.000000

(1) Amounts in Box 2b are included in Box 2a.

The fourth quarter 2016 distribution made to holders of record as of January 3, 2017 for the common shares is considered a 2017 distribution for federal income tax purposes.

The 2016 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:

             
Record Date  Payable Date  Total Distribution per Share  Ordinary Dividend (Box 1a)  Total Capital Gain (Box 2a)  Unrecaptured Section 1250 Gain(1) (Box 2b)  Cash Liquidation Distribution (Box 8)
                        
1/4/2016  1/15/2016  $0.484375  $0.477899  $0.006476  $0.000000  $0.000000
4/1/2016  4/15/2016  $0.484375  $0.477899  $0.006476  $0.000000  $0.000000
7/1/2016  7/15/2016  $0.484375  $0.477899  $0.006476  $0.000000  $0.000000
10/3/2016  10/17/2016  $0.484375  $0.477899  $0.006476  $0.000000  $0.000000
11/2/2016  11/2/2016  $25.173740  $0.171417  $0.002323  $0.000000  $25.000000
      $27.111240  $2.083013  $0.028227  $0.000000  $25.000000

(1) Amounts in Box 2b are included in Box 2a.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 800 self-storage facilities across the United States. According to the 2017 Self Storage Almanac, CubeSmart is one of the top three 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.

Contact Information

  • Company Contact:
    CubeSmart
    Charles Place
    Director, Investor Relations
    (610) 535-5700