NEW YORK, Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2022 common and preferred stock dividends.
iStar is designating all dividends paid in 2022 as Capital Gain Distributions pursuant to Internal Revenue Code section 857(b)(3)(B). The entire capital gain distribution was paid from long-term capital gains from the sales of shares in domestically controlled real estate investment trusts. Accordingly, none constitutes Unrecaptured Section 1250 gain or Section 897 gain.
iStar Common Stock
NYSE: STAR
CUSIP: 45031U-101
Record
Date
| Payment
Date
| Distribution
per Share
| Ordinary
Income
| Capital Gain
Distribution
| Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
| Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
| 03/15/22
| $0.1250000
| $0.0000000
| $0.1250000
| $0.1250000
| $0.1250000
|
06/01/22
| 06/15/22
| 0.1250000
| 0.0000000
| 0.1250000
| 0.1250000
| 0.1250000
|
09/01/22
| 09/15/22
| 0.1250000
| 0.0000000
| 0.1250000
| 0.1250000
| 0.1250000
|
12/01/22
| 12/07/22
| 2.2161225
| 0.0000000
| 2.2161225
| 2.2161225
| 2.2161225
|
|
| $2.5911225
| $0.0000000
| $2.5911225
| $2.5911225
| $2.5911225
|
|
|
|
|
|
|
|
|
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
| Payment
Date
| Distribution
per Share
| Ordinary
Income
| Capital Gain
Distribution
| Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
| Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
| 03/15/22
| $0.5000
| $0.0000
| $0.5000
| $0.5000
| $0.5000
|
06/01/22
| 06/15/22
| 0.5000
| 0.0000
| 0.5000
| 0.5000
| 0.5000
|
09/01/22
| 09/15/22
| 0.5000
| 0.0000
| 0.5000
| 0.5000
| 0.5000
|
12/01/22
| 12/15/22
| 0.5000
| 0.0000
| 0.5000
| 0.5000
| 0.5000
|
|
| $2.0000
| $0.0000
| $2.0000
| $2.0000
| $2.0000
|
|
|
|
|
|
|
|
|
7.65% Series G Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prG
CUSIP: 45031U-705
Record
Date
| Payment
Date
| Distribution
per Share
| Ordinary
Income
| Capital Gain
Distribution
| Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
| Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
| 03/15/22
| $0.478125
| $0.000000
| $0.478125
| $0.478125
| $0.478125
|
06/01/22
| 06/15/22
| 0.478125
| 0.000000
| 0.478125
| 0.478125
| 0.478125
|
09/01/22
| 09/15/22
| 0.478125
| 0.000000
| 0.478125
| 0.478125
| 0.478125
|
12/01/22
| 12/15/22
| 0.478125
| 0.000000
| 0.478125
| 0.478125
| 0.478125
|
|
| $1.912500
| $0.000000
| $1.912500
| $1.912500
| $1.912500
|
|
|
|
|
|
|
|
|
7.50% Series I Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prI
CUSIP: 45031U-804
Record
Date
| Payment
Date
| Distribution
per Share
| Ordinary
Income
| Capital Gain
Distribution
| Treas. Reg.
§ 1.1061-6(c)
One-Year
Amount
| Treas. Reg.
§ 1.1061-6(c)
Three-Year
Amount
|
03/01/22
| 03/15/22
| $0.46875
| $0.00000
| $0.46875
| $0.46875
| $0.46875
|
06/01/22
| 06/15/22
| 0.46875
| 0.00000
| 0.46875
| 0.46875
| 0.46875
|
09/01/22
| 09/15/22
| 0.46875
| 0.00000
| 0.46875
| 0.46875
| 0.46875
|
12/01/22
| 12/15/22
| 0.46875
| 0.00000
| 0.46875
| 0.46875
| 0.46875
|
|
| $1.87500
| $0.00000
| $1.87500
| $1.87500
| $1.87500
|
|
|
|
|
|
|
|
|
* * *
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.
Company Contact:
Jason Fooks
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@istar.com
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SOURCE iStar Inc.
