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NorthStar Realty Finance Announces Public Offering Of Its New Series D Preferred Stock

NEW YORK, April 3, 2013 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it has commenced an underwritten public offering of its new Series D Preferred Stock.  The Company expects to grant the underwriters a 30-day option to purchase additional shares of its Series D Preferred Stock solely to cover over-allotments, if any.

Citigroup and UBS Investment Bank are acting as the joint book-running managers of the offering.  Barclays, Deutsche Bank Securities, J.P. Morgan and Keefe, Bruyette & Woods are acting as the joint-lead managers of the offering and FBR, 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 relating to its business, to repurchase or pay its liabilities and for general corporate purposes.

A registration statement relating to the offered securities became effective upon filing with 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 preliminary prospectus supplement and the related prospectus for the proposed offering may be obtained by contacting: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (800) 831-9146, or by emailing batprospectusdept@citi.com; or by contacting UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171 or by calling (877) 827-6444, extension 561 3884.

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.

About NorthStar Realty Finance Corp.

NorthStar Realty Finance Corp. is a diversified commercial real estate investment and asset management company that is organized as an internally managed REIT.

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