NASHVILLE, Tenn., Jan. 30, 2017 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE:RHP), a lodging real estate
investment trust ("REIT") specializing in group-oriented, destination hotel assets in urban and resort markets, today announced the
2016 tax classification of the dividend distributions made to the Company’s holders of its common stock.
The income tax classification to be reported on Form 1009-DIV for the Company’s common stock, CUSIP number 78377T107, is as
follows:
| |
|
|
|
|
| Record Date |
Payable Date |
Total
Distribution
Per Share |
Total
Distribution
Allocable to
2016 |
Ordinary
Taxable
Dividend |
Long-term
Capital Gain |
Nondividend
Distribution
(Return of
Capital) |
| 12/30/2015 |
1/15/2016 |
$ |
0.70 |
$ |
0.20 |
$ |
0.19 |
$ |
0.01 |
$ |
- |
| 3/31/2016 |
4/15/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
| 6/30/2016 |
7/15/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
| 9/30/2016 |
10/14/2016 |
$ |
0.75 |
$ |
0.75 |
$ |
0.71 |
$ |
0.04 |
$ |
- |
| 12/30/2016 |
1/13/2017 |
$ |
0.75 |
$ |
0.70 |
$ |
0.66 |
$ |
0.04 |
$ |
- |
| |
|
$ |
3.70 |
$ |
3.15 |
$ |
2.98 |
$ |
0.17 |
$ |
- |
| |
|
|
|
|
|
|
|
|
|
|
|
The 2015 fourth quarter distribution of $0.70, which had a record date of 12/30/2015, was a split-year distribution. For tax
purposes, $0.50 was allocated to the 2015 Form 1099-DIV and the remaining $0.20 is being allocated to the 2016 Form 1099-DIV, as
shown above.
The 2016 fourth quarter distribution of $0.75, which had a record date of 12/30/2016, will be a split-year distribution. For tax
purposes, $0.70 will be allocated to the 2016 Form 1099-DIV, as shown above, and the remaining $0.05 will be allocated to the 2017
Form 1099-DIV.
The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax
advisors regarding their specific tax treatment.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE:RHP) is a REIT for federal income tax purposes, specializing in
group-oriented, destination hotel assets in urban and resort markets. The Company’s owned assets include a network of four upscale,
meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc. under the
Gaylord Hotels brand. Other owned assets managed by Marriott International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat, The Inn at Opryland, a 303-room overflow hotel adjacent to Gaylord
Opryland and AC Hotel Washington, DC at National Harbor, a 192-room hotel near Gaylord National. The Company also owns
and operates media and entertainment assets, including the Grand Ole Opry (opry.com), the legendary weekly showcase of country
music’s finest performers for over 90 years; the Ryman Auditorium, the storied former home of the Grand Ole Opry located in
downtown Nashville; and 650 AM WSM, the Opry’s radio home. For additional information about Ryman Hospitality Properties,
visit www.rymanhp.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are
forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by
the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited
to, statements regarding the future performance of our business, estimated capital expenditures. These forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Other factors
that could cause operating and financial results to differ are described in the filings made from time to time by the Company with
the U.S. Securities and Exchange Commission (SEC) and include the risk factors and other risks and uncertainties
described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and its Quarterly
Reports on Form 10-Q and subsequent filings. The Company does not undertake any obligation to release publicly any revisions to
forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of
unanticipated events.
Investor Relations Contacts: Mark Fioravanti, President and Chief Financial Officer Ryman Hospitality Properties, Inc. (615) 316-6588 mfioravanti@rymanhp.com ~or~ Todd Siefert, Vice President of Corporate Finance & Treasurer Ryman Hospitality Properties, Inc. (615) 316-6344 tsiefert@rymanhp.com Tax and Legal Contacts: Sidney Cherry, Vice President of Tax Ryman Hospitality Properties, Inc. (615) 316-6152 sidney.cherry@rymanhp.com ~or~ Scott Lynn, Senior Vice President & General Counsel Ryman Hospitality Properties (615) 316-6180 slynn@rymanhp.com
