Business & Finance
Business and Finance
Business and Finance
Fri, June 24, 2011 Sunstone Hotel Investors, Inc. Updates Declared Dividends on Its Series D Cumulative Redeemable Preferred Stock
Sunstone Hotel Investors, Inc. Updates Declared Dividends on Its Series D... -- ALISO VIEJO, Calif., June 24, 2011 /PRNewswire/ --
Sunstone Hotel Investors, Inc. Updates Declared Dividends on Its Series D Cumulative Redeemable Preferred Stock
ALISO VIEJO, Calif., June 24, 2011 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (NYSE: [ SHO ]) issued today the following clarification to its news release dated May 5, 2011. The cash dividend for each share of Series D cumulative redeemable preferred stock will be $0.472222, which reflects the ordinary quarterly cash dividend of $0.50 payable to holders of our Series D cumulative redeemable preferred stock adjusted for the issue date of April 6, 2011. Accordingly, the dividend payable on July 15, 2011 to holders of record of our Series D cumulative redeemable preferred stock on June 30, 2011 will be $0.472222.
About Sunstone Hotel Investors, Inc.
Sunstone Hotel Investors, Inc. (NYSE: [ SHO ]) is a lodging real estate investment trust ("REIT") that owns 33 hotels comprised of 13,457 rooms. Sunstone's hotels are primarily in the upper upscale segment and are generally operated under nationally recognized brands, such as Marriott, Hilton, Fairmont and Hyatt. For further information, please visit Sunstone's website at [ www.sunstonehotels.com ].
For Additional Information:
Bryan Giglia
Senior Vice President – Corporate Finance
Sunstone Hotel Investors, Inc.
(949) 382-3036
SOURCE Sunstone Hotel Investors, Inc.
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