Brief: Starwood Real Estate Income Trust Says Co's Board Of Directors, Have Made The Decision To Temporarily Amend SREIT's Share Repurchase Plan

Starwood Property Trust (Maryland)

23/05/2024 20:46

May 23 (Reuters) - Starwood Property Trust Inc  STWD.N :
    * STARWOOD REAL ESTATE INCOME TRUST:  SREIT’S BOARD OF
DIRECTORS,
HAVE MADE THE DECISION TO TEMPORARILY AMEND SREIT’S SHARE
REPURCHASE PLAN.
    * SREIT- STARTING WITH THE CURRENT MONTH OR THE JUNE 3RD
ADMIT, WE
WILL LIMIT SHARE REPURCHASES TO 0.33% OF NAV PER MONTH AND 1.0%
OF NAV PER QUARTER,
    * SREIT: WILL WAIVE 20% OF MANAGEMENT FEE,REDUCING IT TO 1%
UNTIL
REPURCHASE LIMITATIONS ARE FULLY RESTORED BACK TO 2% OF NAV PER
MONTH & 5% OF NAV PER QUARTER

Source https://www.starwoodnav.reit/wp-content/uploads/Letter-to-SREIT-Stockholders-May-23-2024-1.pdf
Further company coverage:  STWD.N 

 ((Reuters.Briefs@thomsonreuters.com;))