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SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

1. SHO announces 2024 tax treatment for stock dividends. 2. Common stock and preferred stock distributions detailed. 3. Common stock distribution taxable across two years. 4. Consultation with tax advisors recommended for shareholders. 5. SHO aims to create long-term value through real estate.

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Why Neutral?

The tax treatment update is standard and unlikely to significantly sway stock price.

How important is it?

Tax treatments can affect investor decisions, but effects are moderate in nature.

Why Short Term?

Tax updates typically have immediate but short-lived effects on investor sentiment.

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SHOSHO PR HSHO PR I
, /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced the following tax treatment of the 2024 distributions to holders of the Company's common stock and Series H and Series I preferred stock. Record Date Payable Date Total Distribution Per Share Taxable in 2024 Ordinary Dividends Section 199A Dividends Taxable in 2025 Common Stock - Ticker Symbol: SHO / CUSIP: 867892101 3/28/2024 4/15/2024 $0.070000 $0.070000 $0.070000 $0.070000 $0.000000 6/28/2024 7/15/2024 $0.090000 $0.090000 $0.090000 $0.090000 $0.000000 9/30/2024 10/15/2024 $0.090000 $0.090000 $0.090000 $0.090000 $0.000000 12/31/2024 1/15/2025 $0.090000 $0.030000 $0.030000 $0.030000 $0.060000 Series H Preferred Stock - Ticker Symbol: SHO PR H / CUSIP: 867892804 3/28/2024 4/15/2024 $0.382813 $0.382813 $0.382813 $0.382813 $0.000000 6/28/2024 7/15/2024 $0.382813 $0.382813 $0.382813 $0.382813 $0.000000 9/30/2024 10/15/2024 $0.382813 $0.382813 $0.382813 $0.382813 $0.000000 12/31/2024 1/15/2025 $0.382813 $0.382813 $0.382813 $0.382813 $0.000000 Series I Preferred Stock - Ticker Symbol: SHO PR I / CUSIP:  867892887 3/28/2024 4/15/2024 $0.356250 $0.356250 $0.356250 $0.356250 $0.000000 6/28/2024 7/15/2024 $0.356250 $0.356250 $0.356250 $0.356250 $0.000000 9/30/2024 10/15/2024 $0.356250 $0.356250 $0.356250 $0.356250 $0.000000 12/31/2024 1/15/2025 $0.356250 $0.356250 $0.356250 $0.356250 $0.000000 The common stock distribution of $0.090000 per share payable on January 15, 2025, to holders of record as of December 31, 2024, will be treated as paid in two tax years for income tax purposes, with approximately 33.33%, or $0.030000 per share, taxable in 2024 and approximately 66.67%, or $0.060000 per share, taxable in 2025. Stockholders are encouraged to consult with a personal tax advisor regarding their specific tax treatment of the Company's distributions.  About Sunstone Hotel Investors Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT"). Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership and disposition of well-located hotel and resort real estate. For further information, please visit Sunstone's website at www.sunstonehotels.com.  For Additional Information Aaron ReyesChief Financial OfficerSunstone Hotel Investors, Inc.(949) 382-3018 SOURCE Sunstone Hotel Investors, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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