NorthStar Realty Finance Announces Pricing Of Public Offering Of Additional Shares Of Its 8.25% Series B Preferred Stock

NEW YORK, July 10, 2012 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it priced an underwritten public offering on July 9, 2012 of an additional 2,800,000 shares of its existing 8.25% Series B Preferred Stock at a public offering price of $22.95 per share.  The public offering price includes accrued dividends from and including May 15, 2012 to, but excluding July 16, 2012, the expected closing date of the offering.  The Company has granted the underwriters a 30-day option to purchase an additional 420,000 shares of Series B Preferred Stock solely to cover over-allotments.

UBS Investment Bank and Citigroup are acting as the joint book-running managers of the offering.  Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as the co-lead managers of the offering and JMP Securities, MLV & Co. and Sterne Agee are acting as the co-managers of the offering.

The Company intends to use the net proceeds of the offering to make investments through its operating partnership relating to its business, to repurchase or pay its liabilities and for general corporate purposes.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission ("SEC"). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the proposed offering, when available, may be obtained by contacting: UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171 or by calling [phone], extension 561 3884 or by contacting Citigroup, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, or by calling [phone], or by emailing [e-mail].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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