GlobeNewswire Inc | Jan 21, 2022 04:15PM EST

January 21, 2022

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 Nontaxable Section SectionRecord Paid Total Cash Taxable Total Capital Unrecaptured Distribution Section Section 897 1061 1061Dates Dates Distribution Ordinary Gain Sec. 1250 Gain (Return of 199A Capital Gain One-Year Three-Year Per Share Income Distribution Capital)* Dividends Capital Capital Gain** Gain** 3/19/ 3/26/ $ 1.718800 $ - $ 1.718800 $ 1.286282 $ - $ - $ 1.718800 $ - $ -2021 20214/1/ 4/15/ $ 0.429700 $ - $ 0.429700 $ 0.321570 $ - $ - $ 0.429700 $ - $ -2021 20217/1/ 7/15/ $ 0.429700 $ - $ 0.429700 $ 0.321570 $ - $ - $ 0.429700 $ - $ -2021 202110/1/ 10/15 $ 0.429700 $ - $ 0.429700 $ 0.321570 $ - $ - $ 0.429700 $ - $ -2021 /2021TOTAL $ 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 is427825401 SERIES D PREFERRED SHARES Nontaxable Section SectionRecord Paid Total Cash Taxable Total Capital Unrecaptured Distribution Section Section 897 1061 1061Dates Dates Distribution Ordinary Gain Sec. 1250 Gain (Return of 199A Capital Gain One-Year Three-Year Per Share Income Distribution Capital)* Dividends Capital Capital Gain** Gain** 3/19/ 3/26/ $ 1.625000 $ - $ 1.625000 $ 1.216086 $ - $ - $ 1.625000 $ - $ -2021 20214/1/ 4/15/ $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 20217/1/ 7/15/ $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 202110/1/ 10/15 $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 /2021TOTAL $ 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 is427825609 SERIES E PREFERRED SHARES Nontaxable Section SectionRecord Paid Total Cash Taxable Total Capital Unrecaptured Distribution Section Section 897 1061 1061Dates Dates Distribution Ordinary Gain Sec. 1250 Gain (Return of 199A Capital Gain One-Year Three-Year Per Share Income Distribution Capital)* Dividends Capital Capital Gain** Gain** 3/19/ 3/26/ $ 1.625000 $ - $ 1.625000 $ 1.216086 $ - $ - $ 1.625000 $ - $ -2021 20214/1/ 4/15/ $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 20217/1/ 7/15/ $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 202110/1/ 10/15 $ 0.406250 $ - $ 0.406250 $ 0.304021 $ - $ - $ 0.406250 $ - $ -2021 /2021TOTAL $ 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 is427825708 * Distributions will reduce a shareholder's adjusted tax basis in its shares.Any amount of the distribution that exceeds a shareholder's adjusted tax basisin its shares will be treated as gain from the sale or exchange of property. ** Additional Information Pursuant to Treasury Regulation 1.1061-6(c): Thetotal Box 2a capital gain distributions are Section 1231 gains and thereforeare 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 Companys hotel portfolio, please visit the Companys 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 Companys actual results or performance to differ from its forward-looking statements, please review the information under the heading Risk Factors included in the Companys 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 OfficerPhone: (717) 236-4400