Sunstone Hotel Investors Announces Tax Treatment Of 2020 Dividends

Rhea-AI Summary

On January 22, 2021, Sunstone Hotel Investors (NYSE: SHO) announced the tax treatment for its 2020 distributions to common and preferred stockholders. The distributions include a $0.0500 ordinary dividend per share for common stock and $0.434375 for Series E preferred stock, payable on April 15, 2020, for the first quarter, with similar payments scheduled throughout the year. Additionally, Series F preferred stockholders will receive $0.403125 per share. Shareholders are advised to consult with tax advisors regarding the implications of these distributions.

Positive

• Ordinary dividend of $0.0500 per share for common stock.
• Series E preferred stock dividend of $0.434375 per share.
• Series F preferred stock dividend of $0.403125 per share.

Negative

• None.

IRVINE, Calif., Jan. 22, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO),  the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced the following tax treatment of the 2020 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 Dividend	Total Capital Gain Distribution	Section 199A Dividend
Common / 867892101	SHO	3/31/2020	4/15/2020	$0.050000	$0.050000	$0.000000	$0.050000
Series E Preferred / 867892606	SHO/PRE	3/31/2020	4/15/2020	$0.434375	$0.434375	$0.000000	$0.434375
Series E Preferred / 867892606	SHO/PRE	6/30/2020	7/15/2020	$0.434375	$0.434375	$0.000000	$0.434375
Series E Preferred / 867892606	SHO/PRE	9/30/2020	10/15/2020	$0.434375	$0.434375	$0.000000	$0.434375
Series E Preferred / 867892606	SHO/PRE	12/31/2020	1/15/2021	$0.434375	$0.434375	$0.000000	$0.434375
Series F Preferred / 867892705	SHO/PRF	3/31/2020	4/15/2020	$0.403125	$0.403125	$0.000000	$0.403125
Series F Preferred / 867892705	SHO/PRF	6/30/2020	7/15/2020	$0.403125	$0.403125	$0.000000	$0.403125
Series F Preferred / 867892705	SHO/PRF	9/30/2020	10/15/2020	$0.403125	$0.403125	$0.000000	$0.403125
Series F Preferred / 867892705	SHO/PRF	12/31/2020	1/15/2021	$0.403125	$0.403125	$0.000000	$0.403125

For stockholders with shares held through a bank, broker or nominee, questions regarding the dividend should be directed to the applicable 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 (800) 937-5449.

Shareholders 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 real estate investment trust ("REIT") that invests in Long-Term Relevant Real Estate® within the hospitality sector.  Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands such as Marriott, Hilton and Hyatt. 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

Aaron Reyes
Vice President, Corporate Finance & Treasurer
Sunstone Hotel Investors, Inc.
(949) 382-3018

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SOURCE Sunstone Hotel Investors, Inc.

FAQ

What is the dividend amount for SHO for 2020?

The dividend amount for SHO's common stock for 2020 is $0.0500 per share.

When is the payable date for the SHO dividend?

The payable date for the SHO dividend is April 15, 2020.

What are the dividends for SHO/PRE and SHO/PRF for 2020?

SHO/PRE has a dividend of $0.434375 per share, and SHO/PRF has a dividend of $0.403125 per share.

Will Sunstone Hotel Investors continue to pay dividends in the future?

The continuation of dividends will depend on future financial performance and board decisions.

How can I find out the tax treatment of my dividends from SHO?

Shareholders are encouraged to consult with a personal tax advisor regarding the specific tax treatment of the Company's dividends.