Starwood 2007 Annual Report Download - page 87

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PART II
Item 5. Market for Registrants’ Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Market Information
The Corporation Shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HOT.”
The following table sets forth, for the fiscal periods indicated, the high and low sale prices per Corporation
Share (and Share until April 7, 2006) on the NYSE Composite Tape
(a)
.
High Low
2007
Fourth quarter................................................... $62.83 $42.78
Third quarter ................................................... $75.45 $52.63
Second quarter .................................................. $74.35 $65.35
First quarter .................................................... $69.65 $59.63
2006
Fourth quarter................................................... $68.00 $56.22
Third quarter ................................................... $61.85 $49.68
Second quarter .................................................. $68.87 $52.41
First quarter .................................................... $68.50 $58.99
(a) On April 7, 2006, in connection with the Host Transaction, the Shares were depaired and the Corporation
Shares became transferable separately from the Class B Shares of the Trust. As a result of the depairing, the
Corporation Shares now trade alone on the NYSE. Starwood shareholders received approximately $2.8 billion
in the form of Host common stock valued at $2.68 billion and $119 million in cash for their Class B Shares.
Based on Host’s closing price on April 7, 2006, this consideration had a per — Class B Share value of $13.07.
As of April 10, 2006 neither Shares nor Class B Shares are listed or traded on the NYSE.
Holders
As of February 15, 2008, there were approximately 18,000 holders of record of Corporation Shares.
Distributions and Dividends Made/Declared
The following table sets forth the frequency and amount of distributions made by the Trust and dividends made
by the Corporation to holders of Corporation Shares (and Shares until April 7, 2006) for the years ended
December 31, 2007 and 2006:
Distributions/Dividends
Declared
2007
Annual distribution ............................................. $0.90
(a)
2006
Fourth quarter................................................. $0.42
(b)
First quarter .................................................. $0.21
(c)
First quarter .................................................. $0.21
(d)
(a) The Corporation declared a dividend in the fourth quarter of 2007 to shareholders of record on December 31,
2007, which was paid in January 2008.
(b) The Corporation declared a dividend in the fourth quarter of 2006 to shareholders of record on December 31,
2006, which was paid in January 2007.
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