NEW
YORK, Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE:
STAR) announced today the tax treatment of its 2022 common and
preferred stock dividends.
iStar is designating all dividends paid in 2022 as Capital Gain
Distributions pursuant to Internal Revenue Code section
857(b)(3)(B). The entire capital gain distribution was paid from
long-term capital gains from the sales of shares in domestically
controlled real estate investment trusts. Accordingly, none
constitutes Unrecaptured Section 1250 gain or Section 897 gain.
iStar Common Stock
NYSE: STAR
CUSIP: 45031U-101
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Capital Gain
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
|
Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
|
03/15/22
|
$0.1250000
|
$0.0000000
|
$0.1250000
|
$0.1250000
|
$0.1250000
|
06/01/22
|
06/15/22
|
0.1250000
|
0.0000000
|
0.1250000
|
0.1250000
|
0.1250000
|
09/01/22
|
09/15/22
|
0.1250000
|
0.0000000
|
0.1250000
|
0.1250000
|
0.1250000
|
12/01/22
|
12/07/22
|
2.2161225
|
0.0000000
|
2.2161225
|
2.2161225
|
2.2161225
|
|
|
$2.5911225
|
$0.0000000
|
$2.5911225
|
$2.5911225
|
$2.5911225
|
|
|
|
|
|
|
|
|
8.00% Series D Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Capital Gain
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
|
Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
|
03/15/22
|
$0.5000
|
$0.0000
|
$0.5000
|
$0.5000
|
$0.5000
|
06/01/22
|
06/15/22
|
0.5000
|
0.0000
|
0.5000
|
0.5000
|
0.5000
|
09/01/22
|
09/15/22
|
0.5000
|
0.0000
|
0.5000
|
0.5000
|
0.5000
|
12/01/22
|
12/15/22
|
0.5000
|
0.0000
|
0.5000
|
0.5000
|
0.5000
|
|
|
$2.0000
|
$0.0000
|
$2.0000
|
$2.0000
|
$2.0000
|
|
|
|
|
|
|
|
|
7.65% Series G Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prG
CUSIP: 45031U-705
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Capital Gain
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
|
Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
|
03/15/22
|
$0.478125
|
$0.000000
|
$0.478125
|
$0.478125
|
$0.478125
|
06/01/22
|
06/15/22
|
0.478125
|
0.000000
|
0.478125
|
0.478125
|
0.478125
|
09/01/22
|
09/15/22
|
0.478125
|
0.000000
|
0.478125
|
0.478125
|
0.478125
|
12/01/22
|
12/15/22
|
0.478125
|
0.000000
|
0.478125
|
0.478125
|
0.478125
|
|
|
$1.912500
|
$0.000000
|
$1.912500
|
$1.912500
|
$1.912500
|
|
|
|
|
|
|
|
|
7.50% Series I Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prI
CUSIP: 45031U-804
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Capital Gain
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
|
Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
|
03/15/22
|
$0.46875
|
$0.00000
|
$0.46875
|
$0.46875
|
$0.46875
|
06/01/22
|
06/15/22
|
0.46875
|
0.00000
|
0.46875
|
0.46875
|
0.46875
|
09/01/22
|
09/15/22
|
0.46875
|
0.00000
|
0.46875
|
0.46875
|
0.46875
|
12/01/22
|
12/15/22
|
0.46875
|
0.00000
|
0.46875
|
0.46875
|
0.46875
|
|
|
$1.87500
|
$0.00000
|
$1.87500
|
$1.87500
|
$1.87500
|
|
|
|
|
|
|
|
|
* *
*
iStar Inc. (NYSE: STAR) is focused on reinventing the ground
lease sector, unlocking value for real estate owners throughout the
country by providing modern, more efficient ground leases on
institutional quality properties. As the founder, investment
manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the
creator of the modern ground lease industry, iStar is using its
national investment platform and its historic strengths in finance
and net lease to expand the use of modern ground leases within the
$7 trillion institutional commercial
real estate market. Recognized as a consistent innovator in the
real estate markets, iStar specializes in identifying and scaling
newly discovered opportunities and has completed more than
$40 billion of transactions over the
past two decades. Additional information on iStar is available on
its website at www.istar.com.
Company Contact:
Jason Fooks
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@istar.com
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SOURCE iStar Inc.