#United States #REIT #Dividend Tax #Sunstone Hotels #Aliso Viejo, California

Sunstone Hotel Investors Updates on 2024 Dividend Tax Treatment

Sunstone Hotel Investors, Inc. has recently disclosed important details regarding the tax treatment of its 2024 dividends for common and preferred stockholders. This announcement came on January 30, 2025, and is significant for both investors and those interested in understanding the implications of dividend distributions.

Overview of Dividend Distributions

Sunstone has outlined specific records and payable dates for the upcoming distributions. For common stockholders, dividends will be allocated across four key payment dates in 2024:

• - March 28, 2024 (Payable April 15, 2024): $0.070000 per share
• - June 28, 2024 (Payable July 15, 2024): $0.090000 per share
• - September 30, 2024 (Payable October 15, 2024): $0.090000 per share
• - December 31, 2024 (Payable January 15, 2025): $0.090000 per share

The unique aspect of the December 31 distribution is that it will be taxed over two years. Shareholders can expect that a third of this dividend, approximately $0.030000, will be recognized in the 2024 tax year, while the remaining two-thirds, or $0.060000, will fall into the 2025 tax year. This type of staggered tax treatment could lead to strategic planning for stockholders as they consult with tax advisors regarding potential implications for their financial situations.

For those holding Series H and Series I preferred stocks, the dividend amounts are consistent throughout the year:

• - Series H: $0.382813 per share for each of the four distribution dates.
• - Series I: $0.356250 per share for each of the four distribution dates.

These distributions are straightforward and will be treated as ordinary dividends, with no special tax treatment involved.

Importance for Stakeholders

This announcement is crucial for stakeholders involved with Sunstone Hotel Investors as it delineates the tax responsibilities associated with their investments. Such clarity allows investors to plan financially in advance of the taxable event, making it easier to comply with their obligations and manage their investment strategies effectively. The provision for consultation with personal tax advisors underscores the complexity of tax management related to dividend earnings. Investors are always advised to seek personalized advice based on their unique circumstances to maximize benefits and minimize tax burdens.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc. operates as a Real Estate Investment Trust (REIT), focusing on lodging investments. The Company’s strategy revolves around acquiring, actively managing, and disposing of prime hotel and resort properties. Through its commitment to creating long-term stakeholder value, Sunstone continues to position itself as a significant player in the hospitality sector.

For further inquiries or detailed information about investments and financial strategies, stakeholders can visit Sunstone's official website at www.sunstonehotels.com.

This tax treatment announcement serves as a critical financial update that could influence decision-making and financial planning for shareholders of Sunstone Hotel Investors as they anticipate their 2024 distributions.