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20.01.2017 22:10:00
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Sunstone Hotel Investors Announces Tax Treatment of Its 2016 Dividends
ALISO VIEJO, Calif., Jan. 20, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced today the following tax treatment of the 2016 distributions to holders of the Company's common and preferred stock.
Security | CUSIP | Ticker | Record | Payable | Total Per Share | Ordinary | Total Capital |
Common | 867892101 | SHO | 03/31/2016 | 04/15/2016 | $0.050000 | $0.044812 | $0.005188 |
Common | 867892101 | SHO | 06/30/2016 | 07/15/2016 | $0.050000 | $0.044812 | $0.005188 |
Common | 867892101 | SHO | 09/30/2016 | 10/17/2016 | $0.050000 | $0.044812 | $0.005188 |
Common | 867892101 | SHO | 12/31/2016 | 01/17/2017 | $0.530000 | $0.475002 | $0.054998 |
Series D Preferred | 867892507 | SHO/PRD | 03/31/2016 | 04/15/2016 | $0.500000 | $0.448115 | $0.051885 |
Series D Preferred (1) | 867892507 | SHO/PRD | -- | 04/06/2016 | $0.027778 | $0.024895 | $0.002883 |
Series E Preferred | 867892606 | SHO/PRE | 06/30/2016 | 07/15/2016 | $0.535729 | $0.480137 | $0.055592 |
Series E Preferred | 867892606 | SHO/PRE | 09/30/2016 | 10/17/2016 | $0.434375 | $0.389300 | $0.045075 |
Series E Preferred | 867892606 | SHO/PRE | 12/31/2016 | 01/17/2017 | $0.434375 | $0.389300 | $0.045075 |
Series F Preferred | 867892705 | SHO/PRF | 06/30/2016 | 07/15/2016 | $0.201563 | $0.180647 | $0.020916 |
Series F Preferred | 867892705 | SHO/PRF | 09/30/2016 | 10/17/2016 | $0.403125 | $0.361293 | $0.041832 |
Series F Preferred | 867892705 | SHO/PRF | 12/31/2016 | 01/17/2017 | $0.403125 | $0.361293 | $0.041832 |
(1) | All outstanding shares of the Company's Series D Preferred Stock (CUSIP 867892507) were redeemed on April 6, 2016 at a redemption price of $25.00 per share plus accrued dividends of $0.027778 per share. Shareholders of record as of March 31, 2016 received the first quarter dividend on April 15, 2016. |
For stockholders whose shares are held through a bank, broker or nominee, questions regarding the dividend should be directed to the bank, broker or nominee. For registered stockholders, questions regarding the dividend should be directed to Sunstone's transfer agent: Shareholder Services at American Stock Transfer and Trust Company at (718) 921-8124 or toll free at 1-800-937-5449.
Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.
About Sunstone Hotel Investors:
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that, as of the date hereof, has interests in 28 hotels comprised of 13,666 rooms. Sunstone's hotels are primarily in the upper upscale segment and are generally operated under nationally recognized brands, such as Marriott, Hilton, Hyatt and Fairmont. For further information, please visit Sunstone's website at www.sunstonehotels.com.
For Additional Information:
Bryan Giglia
Chief Financial Officer
Sunstone Hotel Investors, Inc.
(949) 382-3036
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sunstone-hotel-investors-announces-tax-treatment-of-its-2016-dividends-300394269.html
SOURCE Sunstone Hotel Investors, Inc.
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