Notes: Jan. 14, 2014 -- Starwood Property Trust, Inc. (NYSE: STWD) today announced that its Board of Directors has formally declared the distribution of common shares of Starwood Waypoint Residential Trust, a wholly owned subsidiary of Starwood Property Trust. The distribution will complete the spin-off of Starwood Waypoint from Starwood Property Trust. Following the distribution, Starwood Waypoint will be an independent, publicly-traded real estate investment trust (REIT) primarily focused on investing in U.S. single-family rental homes and non-performing residential mortgage loans. The distribution will be made on or about January 31, 2014 to Starwood Property Trust stockholders of record as of 5:00 p.m., Eastern Time, on January 24, 2014. On the Distribution Date, Starwood Property Trust will distribute all of the Starwood Waypoint common shares to STWD Record Holders. Each STWD Record Holder will receive one Starwood Waypoint common share for every five shares of Starwood Property Trust common stock held on the Record Date. STWD Record Holders are not required to take any action to receive Starwood Waypoint common shares in the distribution, and they will not be required to surrender or exchange their Starwood Property Trust shares. On the first trading day after the Distribution Date, February 3, 2014, Starwood Property Trust's shares of common stock will continue to trade on the NYSE under the ticker symbol STWD, and Starwood Waypoint's common shares will commence trading on the NYSE under the ticker symbol SWAY.