NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that, effective April 1, 2004, its Board of
Directors has approved an increase in the regular quarterly cash dividend
on its common stock for 2004 to $0.6975 per share, representing $2.79 per
share on an annualized basis. The $0.6975 per share quarterly dividend
represents a 5.3% increase over iStar Financial's 2003 quarterly common stock
dividend of $0.6625 per share. The cash dividend of $0.6975 for the quarter
ended March 31, 2004 is payable on April 29, 2004 to holders of record on
April 15, 2004.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-tailored
financing to high-end private and corporate owners of real estate nationwide,
including senior and junior mortgage debt, senior, mezzanine and subordinated
corporate capital, and corporate net lease financing. The Company, which is
taxed as a real estate investment trust, seeks to deliver a strong dividend
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
SOURCE iStar Financial Inc.
/CONTACT: Catherine D. Rice, Chief Financial Officer, or Andrew C.
Richardson, Executive Vice President - Capital Markets, or Erin C. Gatewood,
Associate - Investor Relations, all of iStar Financial Inc., +1-212-930-9400/
/Web site: http://www.istarfinancial.com /
CO: iStar Financial Inc.
ST: New York
IN: FIN RLT
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2021 02/11/2004 07:30 EST http://www.prnewswire.com