Stirling Hotels & Resorts Inc.
04/30/2024 | Press release | Distributed by Public on 04/30/2024 12:59
Material Event - Form 8-K
ITEM 8.01 OTHER EVENTS.
April 2024 Distributions
On April 23, 2024, Stirling Hotels & Resorts, Inc. (the "Company") declared distributions for each class of its common stock (as well as corresponding OP units) in the amounts per share set forth below:
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Gross Distributions
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Distribution Fee
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Net Distributions
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As of April 30, 2024
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Class D Shares
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$ | 0.1042 | $ | 0.0053 | $ | 0.0989 |
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Class I Shares
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$ | 0.1042 | $ | - | $ | 0.1042 |
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Class S Shares
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$ | 0.1042 | $ | 0.0181 | $ | 0.0861 |
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Class T Shares
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$ | 0.1042 | $ | 0.0181 | $ | 0.0861 |
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Class E Shares
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$ | 0.1042 | $ | - | $ | 0.1042 |
The net distributions for each class of common stock (which represents the gross distributions less distribution fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on April 30, 2024 and will be paid on or about May 15, 2024. These distributions will be paid in cash or reinvested in shares of the Company's common stock for stockholders participating in the Company's distribution reinvestment plan.