Sunstone Hotel Investors Prices New Preferred Issue

Lodging REIT Sunstone Hotel Investors (SHO) has priced their new perpetual preferred stock issue.

The issue prices at 6.125%. The issue is cumulative, non qualified and unrated.

The proceeds of this issue will be used to redeem the 6.95% SHO-E preferred.

The issue trades immediately under the OTC grey market ticker SNTHP

The pricing term sheet can be read here.

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