SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Rhea-AI Summary

Sunstone Hotel Investors (NYSE: SHO) announced the tax treatment for 2022 distributions to holders of common and preferred stock. The total distribution per share for common stock was $0.050000, paid on October 17, 2022, and January 17, 2023. For Series H Preferred, the distribution was $0.382813 per share payable on April 18, July 15, October 17, and January 17, 2023. Series I Preferred also had a distribution of $0.356250 per share, with similar payment dates. Shareholders are encouraged to consult with tax advisors regarding their specific tax treatment of these distributions.

Positive

• Consistent dividend payments of $0.050000 for common stock, indicating stable income.
• Series H and Series I preferred stock distributions of $0.382813 and $0.356250, respectively, signal ongoing commitment to shareholding returns.

Negative

• None.

ALISO VIEJO, Calif., Jan. 20, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced the following tax treatment of the 2022 distributions to holders of the Company's common and Series H and Series I preferred stock.

Security  Description	CUSIP	Ticker  Symbol	Record Date	Payable  Date	Total Distribution Per Share	Ordinary Dividends	Total Section 199A Dividends
Common	867892101	SHO	9/30/2022	10/17/2022	$0.050000	$0.050000	$0.050000
Common	867892101	SHO	12/30/2022	1/17/2023	$0.050000	$0.050000	$0.050000
Series H Preferred	867892804	SHO/PR H	3/31/2022	4/18/2022	$0.382813	$0.382813	$0.382813
Series H Preferred	867892804	SHO/PR H	6/30/2022	7/15/2022	$0.382813	$0.382813	$0.382813
Series H Preferred	867892804	SHO/PR H	9/30/2022	10/17/2022	$0.382813	$0.382813	$0.382813
Series H Preferred	867892804	SHO/PR H	12/30/2022	1/17/2023	$0.382813	$0.382813	$0.382813
Series I Preferred	867892887	SHO/PR I	3/31/2022	4/18/2022	$0.356250	$0.356250	$0.356250
Series I Preferred	867892887	SHO/PR I	6/30/2022	7/15/2022	$0.356250	$0.356250	$0.356250
Series I Preferred	867892887	SHO/PR I	9/30/2022	10/17/2022	$0.356250	$0.356250	$0.356250
Series I Preferred	867892887	SHO/PR I	12/30/2022	1/17/2023	$0.356250	$0.356250	$0.356250

For stockholders whose shares are 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 strategy is to create long-term stakeholder value through the acquisition, active ownership and disposition of hotels considered to be Long-Term Relevant Real Estate®. For further information, please visit Sunstone's website at www.sunstonehotels.com. The Company's website is provided as a reference only and any information on the website is not incorporated by reference in this release.

For Additional Information

Aaron Reyes
Chief Financial Officer
Sunstone Hotel Investors, Inc.
(949) 382-3018

View original content:https://www.prnewswire.com/news-releases/sunstone-hotel-investors-announces-tax-treatment-of-2022-dividends-301726357.html

SOURCE Sunstone Hotel Investors, Inc.

FAQ

What is the dividend amount for SHO in 2022?

The dividend amount for common stock was $0.050000 per share for 2022.

When are the dividends for Series H Preferred stock paid?

Dividends for Series H Preferred stock were paid on April 18, July 15, October 17, and January 17, 2023.

What is the total distribution for Series I Preferred shares?

The total distribution for Series I Preferred shares was $0.356250 per share.

How can I inquire about my dividend payments on SHO stock?

Shareholders can direct inquiries about dividend payments to their bank, broker, or Sunstone's transfer agent at American Stock Transfer and Trust Company.

What dates should I note for common stock dividends?

Common stock dividends were payable on October 17, 2022, and January 17, 2023.