NEW YORK, May 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) was advised yesterday by the firm responsible for distributing materials for the Company's upcoming annual meeting that the firm inadvertently omitted to mail annual meeting materials to holders of the Company's 8% Series D Cumulative Redeemable Preferred Stock. As a result, the Company announced today that it will postpone its annual meeting, originally scheduled for May 20, 2015, in order to give the Series D preferred stockholders sufficient notice and time to review the proxy materials. The Series D preferred shares represent approximately 1.2% of the total votes entitled to be cast at the meeting.
The Company's annual meeting has been rescheduled to 9:30 am on June 1, 2015 at the Sofitel Hotel, 45 West 44th Street, 2nd Floor, Bastille Room, New York, New York. No changes have been made to the record date or the proposals to be brought before the annual meeting, which are presented in the Proxy Statement that the Company filed with the Securities and Exchange Commission on April 10, 2015. Stockholders who have already submitted a proxy or voting instructions and do not wish to change their vote do not need to take any further action; shares will be voted as originally directed.
The Company's proxy statement and any other materials filed by the Company with the SEC can be obtained free of charge at the SEC's website at www.sec.gov.
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iStar Financial Inc. (NYSE: STAR) is a fully-integrated finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. The Company, which is taxed as a real estate investment trust ("REIT"), has invested more than $35 billion over the past two decades. Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.
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SOURCE iStar Financial Inc.
David M. DiStaso, Chief Financial Officer, or Jason Fooks, Investor Relations, (212) 930-9400, firstname.lastname@example.org