secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2021-07-16T23:59:59+00:00
Accession:  0001104659-21-093088
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Hotel issues 4M shares of 5.70% Series I Preferred, redeems 3M Series F shares
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- Issued 4,000,000 shares of 5.70% Series I Cumulative Redeemable Preferred Stock at $25 liquidation preference.
- Net proceeds from offering approximately $96.85 million after underwriting discount.
- All 3,000,000 shares of 6.450% Series F Preferred to be redeemed on Aug 12, 2021 at $25/share plus accrued dividends.
- Series I Preferred ranks senior to common and on parity with Series F, G, H preferred.
- Dividends cumulative at 5.70% per annum, payable quarterly starting Oct 15, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000110465921093088/0001104659-21-093088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000110465921093088/tm2122020d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-093088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer