PHILADELPHIA, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT); ("Hersha" or "the Company"), owner of high quality upscale hotels in urban gateway markets and coastal destinations, today announced the tax classification of its Series C Cumulative Redeemable Preferred Share ("Series C Preferred Shares"), Series D Cumulative Redeemable Preferred Share ("Series D Preferred Shares") and Series E Cumulative Redeemable Preferred Share ("Series E Preferred Shares") distributions for 2021 for Federal income tax reporting purposes. The tax information provided below should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors as to the tax treatment of the distributions.

SERIES C PREFERRED SHARES
Record Dates	Paid Dates	Total Cash Distribution Per Share			Taxable Ordinary Income		Total Capital Gain Distribution			Unrecaptured Sec. 1250 Gain			Nontaxable Distribution (Return of Capital)*		Section 199A Dividends		Section 897 Capital Gain			Section 1061 One-Year Capital Gain**		Section 1061 Three-Year Capital Gain**

3/19/2021	3/26/2021	$	1.718800		$	-	$	1.718800		$	1.286282		$	-	$	-	$	1.718800		$	-	$	-
4/1/2021	4/15/2021	$	0.429700		$	-	$	0.429700		$	0.321570		$	-	$	-	$	0.429700		$	-	$	-
7/1/2021	7/15/2021	$	0.429700		$	-	$	0.429700		$	0.321570		$	-	$	-	$	0.429700		$	-	$	-
10/1/2021	10/15/2021	$	0.429700		$	-	$	0.429700		$	0.321570		$	-	$	-	$	0.429700		$	-	$	-
TOTAL		$	3.007900		$	-	$	3.007900		$	2.250992		$	-	$	-	$	3.007900		$	-	$	-
Percent			100.00	%	N/A			100.00	%		74.84	%	N/A		N/A			100.00	%	N/A		N/A

The CUSIP number for Hersha Hospitality Trust's Series C Preferred Shares is 427825401


SERIES D PREFERRED SHARES
Record Dates	Paid Dates	Total Cash Distribution Per Share			Taxable Ordinary Income		Total Capital Gain Distribution			Unrecaptured Sec. 1250 Gain			Nontaxable Distribution (Return of Capital)*		Section 199A Dividends		Section 897 Capital Gain			Section 1061 One-Year Capital Gain**		Section 1061 Three-Year Capital Gain**

3/19/2021	3/26/2021	$	1.625000		$	-	$	1.625000		$	1.216086		$	-	$	-	$	1.625000		$	-	$	-
4/1/2021	4/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
7/1/2021	7/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
10/1/2021	10/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
TOTAL		$	2.843750		$	-	$	2.843750		$	2.128149		$	-	$	-	$	2.843750		$	-	$	-
Percent			100.00	%	N/A			100.00	%		74.84	%	N/A		N/A			100.00	%	N/A		N/A

The CUSIP number for Hersha Hospitality Trust's Series D Preferred Shares is 427825609


SERIES E PREFERRED SHARES
Record Dates	Paid Dates	Total Cash Distribution Per Share			Taxable Ordinary Income		Total Capital Gain Distribution			Unrecaptured Sec. 1250 Gain			Nontaxable Distribution (Return of Capital)*		Section 199A Dividends		Section 897 Capital Gain			Section 1061 One-Year Capital Gain**		Section 1061 Three-Year Capital Gain**

3/19/2021	3/26/2021	$	1.625000		$	-	$	1.625000		$	1.216086		$	-	$	-	$	1.625000		$	-	$	-
4/1/2021	4/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
7/1/2021	7/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
10/1/2021	10/15/2021	$	0.406250		$	-	$	0.406250		$	0.304021		$	-	$	-	$	0.406250		$	-	$	-
TOTAL		$	2.843750		$	-	$	2.843750		$	2.128149		$	-	$	-	$	2.843750		$	-	$	-
Percent			100.00	%	N/A			100.00	%		74.84	%	N/A		N/A			100.00	%	N/A		N/A

The CUSIP number for Hersha Hospitality Trust's Series E Preferred Shares is 427825708

* Distributions will reduce a shareholder's adjusted tax basis in its shares. Any amount of the distribution that exceeds a shareholder's adjusted tax basis in its shares will be treated as gain from the sale or exchange of property.

** Additional Information Pursuant to Treasury Regulation §1.1061-6(c): The total Box 2a capital gain distributions are Section 1231 gains and therefore are not taken into account for purposes of section 1061 under Reg. 1.1061-4(b)(7)(i).

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality hotels in urban gateway markets and regional resort destinations. The Company's 36 hotels totaling 5,802 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker "HT". For more information on the Company, and the Company's hotel portfolio, please visit the Company's website at www.hersha.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those reflected in the forward-looking statement. For a description of these factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading "Risk Factors" included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed by the Company with the Securities and Exchange Commission ("SEC") and other documents filed by the Company with the SEC from time to time.

Contact: Michael Gillespie, Chief Accounting Officer

Phone: (717) 236-4400

Hersha Hospitality Trust Announces Dividend Classification for 2021