SHO-I Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred
We will pay cumulative dividends on our series I preferred in the amount of $1.4250 per share each year, which is equivalent to 5.70% of the $25.00 liquidation preference per share. Dividends on our series I preferred sold in this offering will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year, commencing October 15, 2021. On or after July 16, 2026, we may, at our option, redeem our series I preferred, in whole or from time to time in part, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends on such series I preferred up to, but not including, the redemption date. This security was issued by Sunstone Hotel Investors, Inc, whose common stock symbol is SHO.
$18.41 0.00 (0.00%)
As of 03/24/2023 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Real Estate
Industry: REIT—Hotel & Motel
Index country: USA
Country of incorporation: USA
IPO date: 07/15/2021
Outstanding shares: 4,000,000
Average volume: 7,832
Market cap: $82,840,000
Current dividend yield: 6.88% calculation
Coupon rate: 5.700%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 07/16/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: