Starwood Property Trust (STWD) Approves $250M Buyback Plan

Starwood Property Trust (NYSE: STWD) announced that its Board of Directors has authorized the repurchase of up to $250 million of its outstanding common shares over a period of one year. The share repurchase program will be funded through the Company's existing cash.

Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time.

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