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Colony NorthStar, 8.875% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: CLNS-C*     CUSIP: 19625W401     Previous CUSIP: 66704R506      Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 10/13/2017

Security has been Called for:  Friday, October 13, 2017

Sep. 13, 2017-- Colony NorthStar, Inc. today announced that it intends to redeem all 5,000,000 outstanding shares of its 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNSPrC) on October 13, 2017. The redemption of the Series C Preferred Shares is contingent upon the closing of the Company’s offering of its 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, which offering was announced by the Company on September 13, 2017 and is anticipated to close on or about September 22, 2017. The Series C Preferred Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) from August 15, 2017 up to, but not including, the Redemption Date. Dividends on the shares of Series C Preferred Shares will cease to accrue on the Redemption Date. Upon redemption, the shares of Series C Preferred Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the shares of the Series C Preferred Shares will be delisted from trading on the New York Stock Exchange. ____________ Sep. 13, 2017-- Colony NorthStar, Inc. today announced it has commenced an underwritten public offering of its shares of Series J Cumulative Redeemable Perpetual Preferred Stock with a liquidation preference of $25.00 per share. The Company intends to use the net proceeds of this offering to redeem some or all of the shares of its 8.25% Series B Cumulative Redeemable Perpetual Preferred Stock and 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock outstanding and to use any remaining net proceeds for other general corporate purposes. ____________ 12/20/16 -- Colony NorthStar, Inc. (NYSE:CLNS) today announced the completion of the merger of Colony Capital, Inc. (NYSE: CLNY), NorthStar Asset Management Group Inc. (NYSE: NSAM) and NorthStar Realty Finance Corp. (NYSE: NRF). Colony NorthStar currently has an equity market capitalization of approximately $9 billion and assets under management of $58 billion, managing capital on behalf of its stockholders, institutional and retail investors in private funds and non-traded and traded real estate investment trusts ("REIT") and 1940 Act companies. The transaction was originally announced on June 3, 2016 and approved by all three companies' stockholders at their respective special meetings held on December 20, 2016.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Colony NorthStar Inc., formerly the NorthStar Realty Finance Corp., 8.875% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/11/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.875% per annum ($2.21875 per annum or $0.5546875 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). 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 regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
8.88%
$2.21875
$25.00
$25.00
Called for
10/13/2017

None
NF NR
11/18/2015
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (DBRG)

IPO - 10/3/2012 - 5.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: NRF-C    Changed: 12/20/2016
Previous Name: NorthStar Realty Finance Corp., 8.875% Series C Cumul Redeem Preferred Stock    Changed: 12/20/2016
Market Value $125.0 Million

Company's Online Information Links
HOME PAGE:     http://www.nrfc.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address jcalabrese@frbir.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   399 Park Avenue, 18th Floor, New York, NY 10022
Main Phone Number 212-547-2600
Fax Number 212-547-2700
Investor Relations   Joe Calabrese 212-827-3772
Toll Free Phone Number Unknown
CEO - David T. Hamamoto CFO - Debra A. Hess

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