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iStar Financial, Inc., 9.375% Series B Cumul Redeem Preferred Stock
Ticker Symbol: SFI-B* CUSIP: 45031U200 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/23/2004
Security has been Called for: Monday, February 23, 2004
Jan 23, 2004 -- iStar Financial Inc. announced today that it will redeem all 2,000,000 outstanding shares of its 9.375% Series B Cumulative Redeemable Preferred Stock and all 1,300,000 outstanding shares of its 9.20% Series C Cumulative Redeemable Preferred Stock. iStar Financial will redeem both the Series B Preferred Stock and the Series C Preferred Stock on February 23, 2004. The redemption price for the Series B Preferred Stock will be $25.00 per share, plus accrued and unpaid dividends to the redemption date of $0.46 per share. The redemption price for the Series C Preferred Stock will be $25.00 per share, plus accrued and unpaid dividends to the redemption date of $0.45 per share.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: iStar Financial, Inc. (formerly TriNet Corporate Realty Trust), 9.375% Series B Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/15/2001 at $25 plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9.375% ($2.34375) 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. 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. iStar Financial, Inc. Series B preferred securities were converted from TriNet Corporate Realty Trust, Inc. Series A preferred securities effective 11/4/1999 at the completion of the merger between TriNet and Starwood Financial.
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Go to Parent Company's Record (STAR*)
IPO - 6/18/1996 - 2.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Name: Starwood Financial, Inc. Pfd B Changed: 4/30/2001
Market Value $49.9 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
Lianne A. Merchant
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212-930-9400
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| Toll Free Phone Number |
888-335-3122 |
| CEO - Jay Sugarman |
CFO - Spencer B. Haber |
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