|By Marketwired .||
|January 20, 2014 04:22 PM EST||
MALVERN, PA -- (Marketwired) -- 01/20/14 -- 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 2013 distributions for CubeSmart Common Shares of Beneficial Interest and for CubeSmart 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest.
The 2013 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:
Record Payable Total Ordinary Total Unrecaptured Non- Date Date Distrib- Dividend Capital Section Taxable ution (Box 1a) Gain 1250 Distrib- per (Box 2a) Gain(1) ution Share (Box 2b) (Box 3) 1/2/2013 1/15/2013 $ 0.11 $ 0.061499 $ 0.048501 $ 0.022319 $ 0.000000 4/1/2013 4/15/2013 $ 0.11 $ 0.061499 $ 0.048501 $ 0.022319 $ 0.000000 7/1/2013 7/15/2013 $ 0.11 $ 0.061499 $ 0.048501 $ 0.022319 $ 0.000000 10/1/2013 10/15/2013 $ 0.11 $ 0.061499 $ 0.048501 $ 0.022319 $ 0.000000 -------- ---------- ---------- ----------- ----------- $ 0.44 $ 0.245996 $ 0.194004 $ 0.089276 $ 0.000000
(1) Amounts in Box 2b are included in Box 2a.
The fourth quarter 2013 distribution made to holders of record as of January 2, 2014 for the common shares is considered a 2014 distribution for federal income tax purposes.
The 2013 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 Payable Total Ordinary Total Unrecaptured Non- Date Date Distrib- Dividend Capital Section Taxable ution (Box 1a) Gain 1250 Distrib- per (Box 2a) Gain(1) ution Share (Box 2b) (Box 3) 1/2/2013 1/15/2013 $ 0.484375 $ 0.318667 $ 0.165708 $ 0.076255 $ 0.000000 4/1/2013 4/15/2013 $ 0.484375 $ 0.318667 $ 0.165708 $ 0.076255 $ 0.000000 7/1/2013 7/15/2013 $ 0.484375 $ 0.318667 $ 0.165708 $ 0.076255 $ 0.000000 10/1/2013 10/15/2013 $ 0.484375 $ 0.318667 $ 0.165708 $ 0.076255 $ 0.000000 ---------- ---------- ---------- ----------- ---------- $ 1.937500 $ 1.274668 $ 0.662832 $ 0.305020 $ 0.000000
The fourth quarter 2013 distribution made to holders of record as of January 2, 2014 for the 7.75% Series A Cumulative Redeemable Preferred Shares is considered a 2014 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 527 self-storage facilities across the United States. According to the 2012 Self Storage Almanac, CubeSmart is one of the top four owners and operators of self-storage facilities in the U.S.
The Company plans to exceed Customer expectations by adding more personalized services and technology to some of the best storage spaces around. 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, as well as boat storage and mini storage. CubeSmart® services include storage customization, logistics services, comprehensive moving services, organizational services, and office amenities.
Director, Investor Relations
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