RALEIGH, N.C., Jan. 18 /PRNewswire/ -- Winston Hotels, Inc. (NYSE: WXH),
today announced that the income tax treatment for the 2000 Common Stock
distributions for Winston Hotels, Inc., (CUSIP #97563A 10 2) traded under the
ticker symbol WXH is as follows:
Declaration Record Payment Dividends Ordinary Return on Long-Term
Date Date Date Paid Per Income Capital Capital
Share
03/08/00 03/31/00 04/14/00 $0.28 $0.224 $0.056 0%
06/01/00 06/30/00 07/14/99 $0.28 $0.224 $0.056 0%
09/12/00 09/30/00 10/16/00 $0.28 $0.224 $0.056 0%
12/08/00 12/29/00 01/16/01 $0.28 $0.224 $0.056 0%
Total: $1.12 $0.896 $0.224 0%
Percentage: 100% 80% 20% 0%
The income tax treatment for the 2000 Preferred Stock distributions for
Winston Hotels, Inc., (CUSIP #97563A 20 1) traded under the ticker symbol
WXHPrA is 100% tax deductable.
The company did not incur any foreign taxes.
About the Company
Raleigh, North Carolina-based Winston Hotels, Inc., is a real estate
investment trust specializing in the development, acquisition and
rehabilitation of premium limited-service, high-end extended-stay and
full-service hotel properties, with a portfolio increasingly weighted toward
the leading brands in the lodging industry's upscale segment. The Company
currently owns 49 operating hotels with 6,723 rooms in 12 states, as well as a
49 percent ownership interest in two operating hotels and a third joint
venture hotel under development. Additionally, the Company also has provided
mezzanine financing for two other hotels.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended: and Section
21E of the Securities Exchange Act of 1934, as amended. These statements
represent the Company's judgment and are subject to risks and uncertainties
that could cause actual operating results to differ materially from those
expressed or implied in the forward-looking statements. From time to time,
these risks are discussed in the Company's filings with the Securities and
Exchange Commission, including but not limited to its Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and its other periodic reports.
For more information, call Patti Bell, Investor Relations Manager
of Winston Hotels, Inc., at 919-510-8003.
For more information on Winston Hotels toll-free via fax, simply dial
1-800-PRO-INFO and enter the company code 994 or the ticker symbol WXH on any
touch tone phone, or visit the Winston Hotels page at
http://www.winstonhotels.com.
SOURCE Winston Hotels, Inc.
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