MALVERN, PA --(Marketwired - January 20, 2016) - CubeSmart (
The 2015 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) | Non-Taxable Distribution (Box 3) | |||||||||||
| 1/2/2015 | 1/15/2015 | $ | 0.16 | $ | 0.152106 | $ | 0.007894 | $ | 0.001028 | $ | 0.000000 | ||||||
| 4/1/2015 | 4/15/2015 | $ | 0.16 | $ | 0.152106 | $ | 0.007894 | $ | 0.001028 | $ | 0.000000 | ||||||
| 7/1/2015 | 7/15/2015 | $ | 0.16 | $ | 0.152106 | $ | 0.007894 | $ | 0.001028 | $ | 0.000000 | ||||||
| 10/1/2015 | 10/15/2015 | $ | 0.16 | $ | 0.152106 | $ | 0.007894 | $ | 0.001028 | $ | 0.000000 | ||||||
| $ | 0.64 | $ | 0.608424 | $ | 0.031576 | $ | 0.004112 | $ | 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:
| Record Date | Payable Date | Total Distribution per Share | Ordinary Dividend (Box 1a) | Total Capital Gain (Box 2a) | Unrecaptured Section 1250 Gain (1) (Box 2b) | Non-Taxable Distribution (Box 3) | |||||||||||
| 1/2/2015 | 1/15/2015 | $ | 0.484375 | $ | 0.460476 | $ | 0.023899 | $ | 0.003111 | $ | 0.000000 | ||||||
| 4/1/2015 | 4/15/2015 | $ | 0.484375 | $ | 0.460476 | $ | 0.023899 | $ | 0.003111 | $ | 0.000000 | ||||||
| 7/1/2015 | 7/15/2015 | $ | 0.484375 | $ | 0.460476 | $ | 0.023899 | $ | 0.003111 | $ | 0.000000 | ||||||
| 10/1/2015 | 10/15/2015 | $ | 0.484375 | $ | 0.460476 | $ | 0.023899 | $ | 0.003111 | $ | 0.000000 | ||||||
| $ | 1.937500 | $ | 1.841904 | $ | 0.095596 | $ | 0.012444 | $ | 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
