Sunstone Hotel to redeem all $176.25 million 8% preferreds on March 1

By Toni Weeks

San Luis Obispo, Calif., Jan. 28 - Sunstone Hotel Investors, Inc. will fully redeem its $176.25 million of 8% series A cumulative redeemable preferred stock on March 1, according to a press release.

The 7.05 million shares will be redeemed at $25.33 per share, which includes $25.00 liquidation amount and $0.33 of accrued dividends to and including the redemption date.

American Stock Transfer & Trust Co., LLC is the redemption agent.

Sunstone Hotel Investors is a lodging real estate investment trust based in Aliso Viejo, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.