GlobeNewswire Inc | Jan 19, 2022 04:15PM EST

January 19, 2022

MALVERN, Pa., Jan. 19, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, announced today the tax allocations of its 2021 distributions for CubeSmart Common Shares of Beneficial Interest.

The 2021 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:

Unrecaptured SectionRecord Payable Total Ordinary Total Capital Section 1250 Nondividend Section 199A 897Date Date Distribution Dividend (Box Gain Gain^(1) Distribution Dividend^(2^) Capital per Share 1a) (Box 2a) (Box 2b) (Box 3) (Box 5) Gains (Box 2f) 1/4/ 1/15/ $ 0.34 $ 0.314964 $ 0.025036 $ 0.007663 $ 0.000000 $ 0.314964 $ 0.025036 2021 20214/1/ 4/15/ $ 0.34 $ 0.314964 $ 0.025036 $ 0.007663 $ 0.000000 $ 0.314964 $ 0.025036 2021 20217/1/ 7/15/ $ 0.34 $ 0.314964 $ 0.025036 $ 0.007663 $ 0.000000 $ 0.314964 $ 0.025036 2021 202110/1/ 10/15/ $ 0.34 $ 0.314964 $ 0.025036 $ 0.007663 $ 0.000000 $ 0.314964 $ 0.025036 2021 2021 $ 1.36 $ 1.259856 $ 0.100144 $ 0.030652 $ 0.000000 $ 1.259856 $ 0.100144

(1) Amounts in Box 2b are included in Box 2a.(2) Amounts in Box 5 are included in Box 1a.

The fourth quarter 2021 distribution made to holders of record of common shares as of January 3, 2022 is considered a 2022 distribution for federal income tax purposes.

Pursuant to Treas. Reg. 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of applicable partnership interests.

About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,257 self-storage properties across the United States. According to the 2021 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.

The Companys mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.

For more information about business and personal storage or to learn more about the Company and find a nearby storage property, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.

Company Contact Josh SchutzerVice President, Finance(610) 535-5700