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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
Description

CUSIP

Ticker
Symbol

Record
Date

Payable
Date

Total
Distribution

Per Share

Ordinary
 Dividends

Total Capital
Gain
Distribution

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.