SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

PR Newswire

ALISO VIEJO, Calif., Jan. 30, 2025

ALISO VIEJO, Calif., Jan. 30, 2025 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") $(SHO)$ 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.

 
                             Total                             Section 
  Record       Payable    Distribution   Taxable   Ordinary     199A      Taxable 
    Date         Date      Per Share     in 2024   Dividends  Dividends   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.

(END) Dow Jones Newswires

January 30, 2025 16:15 ET (21:15 GMT)