NEW YORK, Oct. 3, 2012 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it priced an underwritten public offering of $125 million of its 8.875% Series C 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 $18.75 million of its Series C Preferred Stock solely to cover over-allotments, if any. UBS Investment Bank and Citigroup acted as the joint book-running managers of the offering. Barclays, Deutsche Bank Securities and Stifel Nicolaus Weisel acted as the co-lead managers of the offering and JMP Securities, MLV & Co. and Sterne Agee acted 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 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 offering, when available, may be obtained by contacting: UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171 or by calling (877) 827-6444, extension 561 3884 or by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (800) 831-9146, or by emailing firstname.lastname@example.org. 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.