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01/29/2008 |
iStar Financial Announces Tax Treatment of 2007 Dividends |
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI) the leading publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2007 common and preferred stock dividends. Common Stock Dividends During 2007, taxable dividends for iStar Financial's common stock were $3.595 per share. The Company's common stock is currently listed under the CUSIP #45031U-101 and trades under the NYSE ticker symbol [SFI]. For tax reporting purposes, the 2007 taxable dividend will be classified as follows: $3.2622498 as ordinary income, $0.2874649 as 15% capital gain, $0.0452856 as 25% capital gain, and $0.0849820 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 04/02/07 04/16/07 04/30/07 $0.8250000 $0.7486387 $0.0659690 07/02/07 07/16/07 07/30/07 0.8250000 0.7486387 0.0659690 10/01/07 10/15/07 10/29/07 0.8250000 0.7486387 0.0659690 12/03/07 12/17/07 12/31/07 0.8700000 0.7894735 0.0695673 12/20/07 12/31/07 01/14/08 0.2500000 0.2268602 0.0199906 $3.5950000 $3.2622498 $0.2874649 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 04/02/07 04/16/07 04/30/07 $0.0103924 - $0.0195020 07/02/07 07/16/07 07/30/07 0.0103924 - 0.0195020 10/01/07 10/15/07 10/29/07 0.0103924 - 0.0195020 12/03/07 12/17/07 12/31/07 0.0109592 - 0.0205660 12/20/07 12/31/07 01/14/08 0.0031492 - 0.0059100 $0.0452856 $0.00 $0.0849820 Preferred Stock Dividends During 2007, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as follows: $1.8148812 as ordinary income, $0.1599248 as 15% capital gain, $0.0251936 as 25% capital gain, and $0.0472760 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 02/15/07 03/01/07 03/15/07 $0.5000000 $0.4537203 $0.0399812 05/15/07 06/01/07 06/15/07 0.5000000 0.4537203 0.0399812 08/15/07 08/31/07 09/14/07 0.5000000 0.4537203 0.0399812 11/15/07 11/30/07 12/14/07 0.5000000 0.4537203 0.0399812 $2.0000000 $1.8148812 $0.1599248 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 02/15/07 03/01/07 03/15/07 $0.0062984 - $0.0118190 05/15/07 06/01/07 06/15/07 0.0062984 - 0.0118190 08/15/07 08/31/07 09/14/07 0.0062984 - 0.0118190 11/15/07 11/30/07 12/14/07 0.0062984 - 0.0118190 $0.0251936 $0.00 $0.0472760 -- Series E Preferred Stock -- During 2007, taxable dividends for iStar Financial's distribution of $1.968752 per share of the 7.875% Series E preferred stock CUSIP #45031U-507, listed under NYSE ticker symbol [SFI pE], will be classified as follows: $1.7865740 as ordinary income, $0.1574260 as 15% capital gain, $0.0248000 as 25% capital gain, and $0.0465388 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 02/15/07 03/01/07 03/15/07 $0.4921880 $0.4466435 $0.0393565 05/15/07 06/01/07 06/15/07 0.4921880 0.4466435 0.0393565 08/15/07 08/31/07 09/14/07 0.4921880 0.4466435 0.0393565 11/15/07 11/30/07 12/14/07 0.4921880 0.4466435 0.0393565 $1.9687520 $1.7865740 $0.1574260 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 02/15/07 03/01/07 03/15/07 $0.0062000 - $0.0116347 05/15/07 06/01/07 06/15/07 0.0062000 - 0.0116347 08/15/07 08/31/07 09/14/07 0.0062000 - 0.0116347 11/15/07 11/30/07 12/14/07 0.0062000 - 0.0116347 $0.0248000 $0.00 $0.0465388 -- Series F Preferred Stock -- During 2007, taxable dividends for iStar Financial's distribution of $1.95 per share of the 7.80% Series F preferred stock CUSIP #45031U-606, listed under NYSE ticker symbol [SFI pF], will be classified as follows: $1.7695092 as ordinary income, $0.1559268 as 15% capital gain, $0.0245640 as 25% capital gain, and $0.0460955 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 02/15/07 03/01/07 03/15/07 $0.4875000 $0.4423773 $0.0389817 05/15/07 06/01/07 06/15/07 0.4875000 0.4423773 0.0389817 08/15/07 08/31/07 09/14/07 0.4875000 0.4423773 0.0389817 11/15/07 11/30/07 12/14/07 0.4875000 0.4423773 0.0389817 $1.9500000 $1.7695092 $0.1559268 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 02/15/07 03/01/07 03/15/07 $0.0061410 - $0.0115239 05/15/07 06/01/07 06/15/07 0.0061410 - 0.0115239 08/15/07 08/31/07 09/14/07 0.0061410 - 0.0115239 11/15/07 11/30/07 12/14/07 0.0061410 - 0.0115239 $0.0245640 $0.00 $0.0460955 -- Series G Preferred Stock -- During 2007, taxable dividends for iStar Financial's distribution of $1.9125 per share of the 7.65% Series G preferred stock CUSIP #45031U-705, listed under NYSE ticker symbol [SFI pG], will be classified as follows: $1.7353804 as ordinary income, $0.1529280 as 15% capital gain, $0.0240916 as 25% capital gain, and $0.0452090 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 02/15/07 03/01/07 03/15/07 $0.4781250 $0.4338451 $0.0382320 05/15/07 06/01/07 06/15/07 0.4781250 0.4338451 0.0382320 08/15/07 08/31/07 09/14/07 0.4781250 0.4338451 0.0382320 11/15/07 11/30/07 12/14/07 0.4781250 0.4338451 0.0382320 $1.9125000 $1.7353804 $0.1529280 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 02/15/07 03/01/07 03/15/07 $0.0060229 - $0.0113023 05/15/07 06/01/07 06/15/07 0.0060229 - 0.0113023 08/15/07 08/31/07 09/14/07 0.0060229 - 0.0113023 11/15/07 11/30/07 12/14/07 0.0060229 - 0.0113023 $0.0240916 $0.00 $0.0452090 -- Series I Preferred Stock -- During 2007, taxable dividends for iStar Financial's distribution of $1.875 per share of the 7.50% Series I preferred stock CUSIP #45031U-804, listed under NYSE ticker symbol [SFI pI], will be classified as follows: $1.7016512 as ordinary income, $0.1499296 as 15% capital gain, $0.0236192 as 25% capital gain, and $0.0443226 qualifies as a qualifying dividend. The following table contains this information on a quarterly basis. Cash Taxable Declaration Record Payment Distribution Ordinary 15% Date Date Date Per Share Dividend Capital Gain 02/15/07 03/01/07 03/15/07 $0.4687500 $0.4254128 $0.0374824 05/15/07 06/01/07 06/15/07 0.4687500 0.4254128 0.0374824 08/15/07 08/31/07 09/14/07 0.4687500 0.4254128 0.0374824 11/15/07 11/30/07 12/14/07 0.4687500 0.4254128 0.0374824 $1.8750000 $1.7016512 $0.1499296 Section 1250 Declaration Record Payment 25% Return of Qualifying Date Date Date Capital Gain Capital Dividends 02/15/07 03/01/07 03/15/07 $0.0059048 - $0.0110806 05/15/07 06/01/07 06/15/07 0.0059048 - 0.0110806 08/15/07 08/31/07 09/14/07 0.0059048 - 0.0110806 11/15/07 11/30/07 12/14/07 0.0059048 - 0.0110806 $0.0236192 $0.00 $0.0443226 * * * iStar Financial Inc. is a leading publicly traded finance company focused on the commercial real estate industry. The Company primarily provides custom-tailored investment capital to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity. The Company, which is taxed as a real estate investment trust ("REIT"), seeks to deliver strong dividends and superior risk-adjusted returns on equity to shareholders by providing innovative and value added financing solutions to its customers. Additional information on iStar Financial is available on the Company's website at http://www.istarfinancial.com.
SOURCE iStar Financial Inc. |
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