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Sunstone Hotel Investors will redeem series F preferred stock
Chicago, July 13 – Sunstone Hotel Investors, Inc. will redeem all 3 million outstanding shares of its 6.45% series F cumulative redeemable preferred stock (Cusip: 867892705), according to a press release.
The redemption date will be Aug. 12.
The shares will be redeemed at $25.00 per share, plus unpaid dividends to the redemption date calculated at $0.183646 per share.
The series F preferred stock currently trades on the NYSE as “SHOPRF.”
The redemption agent is American Stock Transfer & Trust Co., LLC (877 248-6417).
Sunstone is an Aliso Viejo, Calif.-based real estate investment trust.
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