Total Unrecaptured
Total Ordinary Capital Section Non-Taxable
Record Payable Distribution Dividend Gain 1250 Gain Distribution
Date Date per share (Box 1a) (Box 2a) (1)(Box 2b) (Box 3)
1/8/2007 1/22/2007 $ 0.29 $ 0.085328 $ 0.018512 $ 0.009010 $ 0.186160
4/9/2007 4/24/2007 $ 0.29 $ 0.085328 $ 0.018512 $ 0.009010 $ 0.186160
7/9/2007 7/24/2007 $ 0.29 $ 0.085328 $ 0.018512 $ 0.009010 $ 0.186160
10/9/2007 10/26/2007 $ 0.29 $ 0.085328 $ 0.018512 $ 0.009010 $ 0.186160
--------- ---------- ---------- ---------- ----------
$ 1.16 $ 0.341312 $ 0.074048 $ 0.036040 $ 0.744640
(1) Amounts in Box 2b are included in Box 2a.
The fourth quarter 2007 distribution made to holders of record as of
January 7, 2008 for the common shares is considered a 2008 distribution for
federal income tax purposes.
The details of its February 29, 2008 earnings conference call are as
follows:
A live Web cast of the conference call will be available online from the
investor relations page of the Company's corporate Web site at
http://www.u-store-it.com. The dial-in numbers are 1-800-860-2442 for
domestic callers and +1 412-858-4600 for international callers.
After the live Web cast, the call will remain available on U-Store-It's web
site for 30 days. In addition, a telephonic replay of the call will be
available until March 31, 2008. The replay dial-in number is 1-877-344-7529
for domestic callers and +1 412-317-0088 for international callers. The
replay pass code for both is 415385#.
About U-Store-It Trust
U-Store-It Trust is a self-administered and self-managed real estate
investment trust focused on the ownership, operation, acquisition and
development of self-storage facilities in the United States. The Company's
self-storage facilities are designed to offer affordable, easily accessible
and secure storage space for residential and commercial customers.
According to the 2008 Self-Storage Almanac, U-Store-It Trust is one of the
top four owners and operators of self-storage facilities in the United
States.
Forward-Looking Statements
Certain statements in this release that are not historical fact may
constitute forward-looking statements within the meaning of the Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such statements are based on assumptions and expectations that
may not be realized and are inherently subject to risks, uncertainties and
other factors, many of which cannot be predicted with accuracy and some of
which might not even be anticipated. Although we believe the expectations
reflected in these forward-looking statements are based on reasonable
assumptions, future events and actual results, performance, transactions or
achievements, financial and otherwise, may differ materially from the
results, performance, transactions or achievements expressed or implied by
the forward-looking statements. Risk, uncertainties and other factors that
might cause such differences, some of which could be material, include but
are not limited to: national and local economic, business, real estate and
other market conditions; the competitive environment in which the Company
operates; the execution of the Company's business plan; financing risks;
increases in interest rates and operating costs; the Company's ability to
maintain its status as a REIT for federal income tax purposes; acquisition
and development risks; changes in real estate and zoning laws or
regulations; risks related to natural disasters; potential environmental
and other liabilities; material weaknesses in our internal financial
reporting; and other factors affecting the real estate industry generally
or the self-storage industry in particular. The Company refers you to the
documents filed by the Company from time to time with the Securities and
Exchange Commission, specifically the section titled "Business - Risk
Factors" in the Company's Annual Report on Form 10-K, which discuss these
and other risks and factors that could cause the Company's actual results
to differ materially from any forward-looking statements.
Contact Information: Contact: U-Store-It Trust Christopher P. Marr Chief Financial Officer (610) 293-5700