SYS-CON MEDIA Authors: Maxime Charlès, RealWire News Distribution, Gilad Parann-Nissany, Kevin Benedict, Archie Hendryx

News Feed Item

CubeSmart Announces Tax Allocations of 2013 Distributions

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.

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.