SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

Rhea-AI Summary

On January 21, 2022, Sunstone Hotel Investors (NYSE: SHO) announced the tax treatment for 2021 distributions to holders of its preferred stock. The total distribution per share varies by series: Series E at $0.434375, Series F at $0.403125, Series H at $0.157378 and $0.382813, and Series I at $0.296875 and $0.356250. Payment dates for dividends are specified, with some dated as recently as January 18, 2022. Shareholders are advised to consult their tax advisors for specific tax implications regarding these distributions.

Positive

• Dividend payments reflect a commitment to shareholder returns.
• Tax treatment details provided for multiple series indicate transparency.

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• None.

IRVINE, Calif., Jan. 21, 2022 /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 2021 distributions to holders of the Company's preferred stock.

Security Description	CUSIP	Ticker Symbol	Record  Date	Payable  Date	Total Distribution Per Share	Ordinary Dividends	Total Section 199A Dividends
Series E Preferred	867892606	SHO/PR E	3/31/2021	4/15/2021	0.434375	0.434375	0.434375
Series E Preferred	867892606	SHO/PR E	6/11/2021	6/11/2021	0.337847	0.337847	0.337847
Series F Preferred	867892705	SHO/PR F	3/31/2021	4/15/2021	0.403125	0.403125	0.403125
Series F Preferred	867892705	SHO/PR F	6/30/2021	7/15/2021	0.403125	0.403125	0.403125
Series F Preferred	867892705	SHO/PR F	8/12/2021	8/12/2021	0.183646	0.183646	0.183646
Series H Preferred	867892804	SHO/PR H	6/30/2021	7/15/2021	0.157378	0.157378	0.157378
Series H Preferred	867892804	SHO/PR H	9/30/2021	10/15/2021	0.382813	0.382813	0.382813
Series H Preferred	867892804	SHO/PR H	12/31/2021	1/18/2022	0.382813	0.382813	0.382813
Series I Preferred	867892887	SHO/PR I	9/30/2021	10/15/2021	0.296875	0.296875	0.296875
Series I Preferred	867892887	SHO/PR I	12/31/2021	1/18/2022	0.356250	0.356250	0.356250

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 lodging real estate investment trust ("REIT"). Sunstone's business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®. 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
Senior Vice President & Treasurer
Sunstone Hotel Investors, Inc.
(949) 382-3018

View original content:https://www.prnewswire.com/news-releases/sunstone-hotel-investors-announces-tax-treatment-of-2021-dividends-301465503.html

SOURCE Sunstone Hotel Investors, Inc.

FAQ

What is the total distribution per share for SHO preferred stocks in 2021?

The total distributions per share for 2021 are Series E: $0.434375, Series F: $0.403125, Series H: $0.157378 and $0.382813, Series I: $0.296875 and $0.356250.

What are the payable dates for the Sho preferred stock dividends?

The payable dates for the dividends include April 15, 2021, June 11, 2021, July 15, 2021, October 15, 2021, and January 18, 2022.

How often does Sunstone Hotel Investors issue dividends?

Sunstone Hotel Investors issues dividends on a quarterly basis for its preferred stocks.

Do I need to consult a tax advisor regarding my SHO dividends?

Yes, shareholders are encouraged to consult their personal tax advisors for specific tax treatment regarding the distributions.