IStar Financial Announces Tax Treatment Of 2011 Dividends

iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2011 preferred stock dividends.

Series D Preferred Stock

During 2011, taxable dividends for iStar Financial’s distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.

Series E Preferred Stock

During 2011, taxable dividends for iStar Financial’s distribution of $1.968752 per share of the 7.875% Series E preferred stock CUSIP #45031U-507, listed under NYSE ticker symbol [SFI pE], will be classified as 100% return of capital.

Series F Preferred Stock

During 2011, taxable dividends for iStar Financial’s distribution of $1.95 per share of the 7.80% Series F preferred stock CUSIP #45031U-606, listed under NYSE ticker symbol [SFI pF], will be classified as 100% return of capital.

Series G Preferred Stock

During 2011, taxable dividends for iStar Financial’s distribution of $1.9125 per share of the 7.65% Series G preferred stock CUSIP #45031U-705, listed under NYSE ticker symbol [SFI pG], will be classified as 100% return of capital.

Series I Preferred Stock

During 2011, taxable dividends for iStar Financial’s distribution of $1.875 per share of the 7.50% Series I preferred stock CUSIP #45031U-804, listed under NYSE ticker symbol [SFI pI], will be classified as 100% return of capital.

iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. The Company, which is taxed as a real estate investment trust (“REIT”), has invested more than $35 billion over the past two decades. Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.

Copyright Business Wire 2010

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