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NorthStar Realty Finance Announces Pricing Of Public Offering Of $175 Million Of Its 8.50% Series D Preferred Stock

NEW YORK, April 3, 2013 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it priced an underwritten public offering of $175 million of its 8.50% Series D Preferred Stock with a liquidation preference of $25 per share.  The Company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of its Series D Preferred Stock solely to cover over-allotments, if any. The offering is expected to close on April 10, 2013.

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 prospectus supplement and the related prospectus for the proposed offering, when available, 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.

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