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iStar, Inc., 7.80% Series F Cumulative Redeemable Preferred Stock
Ticker Symbol: STAR-F* CUSIP: 45031U606 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/20/2017
Security has been Called for: Friday, October 20, 2017
From the form 8-K filed with the SEC on 9/20/2017 -- Redemptions of Notes and Preferred Stock. The Company will use the net proceeds of the sale of the Senior Notes and the Convertible Notes and cash on hand to redeem and repay the following securities of the Company, and to pay related fees and expenses: the $550.0 million aggregate principal amount outstanding of its 4.00% Senior Notes due November 2017, the $300.0 million aggregate principal amount outstanding of its 7.125% Senior Notes due February 2018, the $300.0 million aggregate principal amount outstanding of its 4.875% Senior Notes due July 2018, all of its outstanding shares of 7.875% Series E Preferred Stock, having an aggregate liquidation preference of $140.0 million, and all of its outstanding 7.8% Series F Preferred Stock, having an aggregate liquidation preference of $100.0 million. ____________ Sept. 14, 2017 -- iStar announced today that it has launched an offering of $800 million aggregate principal amount of senior unsecured notes due 2020 and 2022, and a separate private offering of $250 million aggregate principal amount of senior convertible notes due 2022. The Company intends to use the net proceeds of the offerings and cash on hand to redeem and repay in full its 4.00% Senior Notes due November 2017 ($550 million aggregate principal amount), its 7.125% Senior Notes due February 2018 ($300 million aggregate principal amount), its 4.875% Senior Notes due July 2018 ($300 million aggregate principal amount), its 7.88% Series E Preferred Stock ($140 million aggregate liquidation preference) and its 7.8% Series F Preferred Stock ($100 million aggregate liquidation preference)
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QUANTUMONLINE.COM SECURITY DESCRIPTION: iStar, Inc., formerly iStar Financial, Inc., 7.80% Series F Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/29/2008 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7.80% ($1.95) per annum paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the first day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (STAR*)
IPO - 9/25/2003 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: SFI-F Changed: 12/19/2013
Previous Name: iStar Financial, Inc., 7.80% Series F Pfd Changed: 8/19/2015
Market Value $97.1 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1114 Avenue of the Americas, 27th Floor, New York, NY 10036 |
| Main Phone Number |
212-930-9400 |
| Fax Number |
212-930-9494 |
| Investor Relations
Jason Fooks
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888-335-3122
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| Toll Free Phone Number |
888-335-3122 |
| CEO - Jay Sugarman |
CFO - David M. DiStaso |
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