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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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