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iStar Declares Preferred Stock Dividends

NEW YORK, Nov. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are effective on November 15, 2017, payable on December 15, 2017 to holders of record on December 1, 2017.

Series of Preferred Stock

Liquidation
Preference

Dividend
Per Share

8.00% Series D Preferred Stock

$25.00

$0.50

7.65% Series G Preferred Stock

$25.00

$0.478125

7.50% Series I Preferred Stock

$25.00

$0.46875

4.50% Series J Preferred Stock

$50.00

$0.5625


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iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The Company is structured as a real estate investment trust ("REIT"), with a diversified portfolio focused on larger assets located in major metropolitan markets. Additional information on iStar is available on its website at www.istar.com.

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SOURCE iStar