Press Release: iStar Financial Inc.
February 1, 2002
NEW YORK, NY -- iStar Financial Inc. (NYSE: SFI), announced yesterday the tax treatment of its 2001 dividends.
Common Stock Dividends
During 2001, taxable dividends for iStar Financial's common stock were $2.4524 per share. The Company's common
stock is currently listed under the CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax reporting
purposes, the 2001 taxable dividend will be classified as follows: 90.55% ($2.2206) as ordinary income and 9.45%
($0.2318) as return of capital. The following table contains this information on a quarterly basis.
Cash Taxable
Declaration Record Payment Distribution Ordinary Return of
Date Date Date Per Share Dividend Capital
12/15/00 12/29/00 01/12/01 $0.0024 $0.0022 $0.0002
04/02/01 04/16/01 04/30/01 0.6125 0.5546 0.0579
07/02/01 07/16/01 07/30/01 0.6125 0.5546 0.0579
10/01/01 10/15/01 10/29/01 0.6125 0.5546 0.0579
12/03/01 12/17/01 12/31/01 0.6125 0.5546 0.0579
$2.4524 $2.2206 $0.2318
* Portion of fourth quarter 2000 dividend that was carried forward as
taxable income into 2001.
Preferred Stock Dividends
During 2001, taxable dividends for iStar Financial's distribution of $2.343752 per share of Series B preferred
stock CUSIP #45031U-200, listed under the NYSE ticker symbol SFI pB, will be classified as 100% ordinary income.
The following table contains this information on a quarterly basis.
Cash Taxable
Declaration Record Payment Distribution Ordinary Return of
Date Date Date Per Share Dividend Capital
02/15/01 02/28/01 03/15/01 0.585938 0.585938 $--
05/24/01 05/31/01 06/15/01 0.585938 0.585938 --
08/17/01 08/31/01 09/14/01 0.585938 0.585938 --
11/16/01 11/30/01 12/14/01 0.585938 0.585938 --
2.343752 2.343752 $--
During 2001, taxable dividends for iStar Financial's distribution of $2.3000 per share of Series C preferred stock
CUSIP #45031U-309, listed under the NYSE ticker symbol SFI pC, will be classified as 100% ordinary income. The
following table contains this information on a quarterly basis.
Cash Taxable
Declaration Record Payment Distribution Ordinary Return of
Date Date Date Per Share Dividend Capital
02/15/01 02/28/01 03/15/01 $0.5750 $0.5750 $--
05/24/01 05/31/01 06/15/01 0.5750 0.5750 --
08/17/01 08/31/01 09/14/01 0.5750 0.5750 --
11/16/01 11/30/01 12/14/01 0.5750 0.5750 --
$2.3000 $2.3000 $--
During 2001, taxable dividends for iStar Financial's distribution of $2.0000 per share of Series D preferred stock
CUSIP #45031U-408, listed under NYSE ticker symbol SFI pD, will be classified as 100% ordinary income. The following
table contains this information on a quarterly basis.
Cash Taxable
Declaration Record Payment Distribution Ordinary Return of
Date Date Date Per Share Dividend capital
02/15/01 02/28/01 03/15/01 $0.5000 $0.5000 $--
05/24/01 05/31/01 06/15/01 0.5000 0.5000 --
08/17/01 08/31/01 09/14/01 0.5000 0.5000 --
11/16/01 11/30/01 12/14/01 0.5000 0.5000 --
$2.0000 $2.0000 $--
iStar Financial is the largest publicly traded finance company focused exclusively on the commercial real estate
industry. The Company provides structured financing to private and corporate owners of real estate nationwide,
including senior and junior mortgage debt, corporate mezzanine and subordinated capital, and corporate net lease
financing. The Company, which is taxed as a real estate investment trust, seeks to deliver superior risk-adjusted
returns on equity to shareholders by providing innovative and value-added financing solutions to its customers.
Additional information on iStar Financial is available on the Company's Web site at http://www.istarfinancial.com.
SOURCE: iStar Financial Inc.