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iStar, Inc., 8.00% Series D Cumulative Redeemable Preferred Stock
Ticker Symbol: STAR-D* CUSIP: 45031U408 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/31/2023
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QUANTUMONLINE.COM SECURITY DESCRIPTION: iStar, Inc. formerly iStar Financial, Inc., formerly TriNet Corporate Realty Trust, 8.00% Series D Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/08/2002 at $25 plus accrued and unpaid dividends, and with no stated maturity. Distributions of 8.00% ($2.00) per annum are 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 (NOTE: the ex-dividend date is one business day prior to the record 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*)
Notes: Section of the 8K filed on April 04, 2023 -- In connection with the Merger with Safehold Inc, , at the Merger Effective Time, each share of the Company’s (i) 8.00% Series D Cumulative Redeemable Preferred Stock, $0.001 par value (the “Series D Preferred Stock”), (ii) 7.65% Series G Cumulative Redeemable Preferred Stock, $0.001 par value (the “Series G Preferred Stock”) and (iii) 7.50% Series I Cumulative Redeemable Preferred Stock, $0.001 par value (the “Series I Preferred Stock” and, together with the Series D Preferred Stock and Series G Preferred Stock, the “Preferred Stock”) issued and outstanding immediately prior to the Merger Effective Time automatically converted into the right to receive an amount in cash equal to $25.00 plus the aggregate amount of all accrued and unpaid dividends on such share of Preferred Stock as of the Merger Effective Time.
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Link to IPO Prospectus
Previous Ticker Symbol: SFI-D Changed: 12/19/2013
Previous Name: Star Financial, Inc., 8.00% Series D Pfd Changed: 8/19/2015
Market Value $99.3 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, 39th 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 - Brett Asnas |
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