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Stock Market & Financial Investment News

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March 10, 2014
08:27 EDTSTWD, SWAYStarwood Property to report $28.84/share fair market value for Starwood Waypoint
Starwood Property Trust (STWD) provided the tax basis for its previously completed spin-off of Starwood Waypoint Residential Trust (SWAY). For U.S. federal income tax purposes, Starwood Property intends to report the fair market value of the distribution at $28.84 per share of Starwood Waypoint Residential common stock distributed. Starwood Property Trust completed the spin-off of SWAY on January 31 by distributing one share of SWAY common stock for every five shares of STWD common stock held by the holders of STWD common stock as of 5:00 p.m., Eastern Time, on January 24, the spin-off record date.
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