ALISO
VIEJO, Calif., Jan. 30,
2025 /PRNewswire/ -- Sunstone Hotel Investors, Inc.
(the "Company" or "Sunstone") (NYSE: SHO) announced the following
tax treatment of the 2024 distributions to holders of the Company's
common stock and Series H and Series I preferred stock.
|
Record
Date
|
Payable
Date
|
Total
Distribution
Per
Share
|
Taxable
in
2024
|
Ordinary
Dividends
|
Section 199A
Dividends
|
Taxable
in
2025
|
|
Common Stock -
Ticker Symbol: SHO / CUSIP: 867892101
|
|
3/28/2024
|
4/15/2024
|
$0.070000
|
$0.070000
|
$0.070000
|
$0.070000
|
$0.000000
|
|
6/28/2024
|
7/15/2024
|
$0.090000
|
$0.090000
|
$0.090000
|
$0.090000
|
$0.000000
|
|
9/30/2024
|
10/15/2024
|
$0.090000
|
$0.090000
|
$0.090000
|
$0.090000
|
$0.000000
|
|
12/31/2024
|
1/15/2025
|
$0.090000
|
$0.030000
|
$0.030000
|
$0.030000
|
$0.060000
|
|
|
|
|
|
|
|
|
Series H Preferred
Stock - Ticker Symbol: SHO PR H / CUSIP:
867892804
|
|
3/28/2024
|
4/15/2024
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.000000
|
|
6/28/2024
|
7/15/2024
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.000000
|
|
9/30/2024
|
10/15/2024
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.000000
|
|
12/31/2024
|
1/15/2025
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.382813
|
$0.000000
|
|
|
|
|
|
|
|
|
Series I Preferred
Stock - Ticker Symbol: SHO PR I / CUSIP:
867892887
|
|
3/28/2024
|
4/15/2024
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.000000
|
|
6/28/2024
|
7/15/2024
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.000000
|
|
9/30/2024
|
10/15/2024
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.000000
|
|
12/31/2024
|
1/15/2025
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.356250
|
$0.000000
|
The common stock distribution of $0.090000 per share payable on January 15, 2025, to holders of record as of
December 31, 2024, will be treated as
paid in two tax years for income tax purposes, with approximately
33.33%, or $0.030000 per share,
taxable in 2024 and approximately 66.67%, or $0.060000 per share, taxable in 2025.
Stockholders are encouraged to consult with a
personal tax advisor regarding 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"). Sunstone's strategy is to create
long-term stakeholder value through the acquisition, active
ownership and disposition of well-located hotel and resort real
estate. For further information, please visit Sunstone's website at
www.sunstonehotels.com.
For Additional Information
Aaron Reyes
Chief Financial Officer
Sunstone Hotel Investors, Inc.
(949) 382-3018
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SOURCE Sunstone Hotel Investors, Inc.
