On an annualized basis, the Company's dividend policy this quarter would enable the Company to retain approximately
In accordance with Internal Revenue procedure, the dividend will be payable in cash and/or shares of common stock at the election of the stockholder and subject to a cash limit described below. Stockholders who elect to receive the dividend in cash may receive up to
The number of shares issued pursuant to the dividend will be calculated based on the average of the volume weighted trading price of the Company's common stock on
A letter and an election form will be mailed to common stockholders promptly after
The Company generally expects the dividend to be treated for federal income tax purposes as a taxable distribution whether it is received in cash or shares.
About NorthStar Realty Finance Corp.
NorthStar Realty Finance Corp. is an internally managed REIT that primarily originates and invests in commercial real estate debt, real estate securities and net lease properties. For more information about NorthStar Realty Finance Corp., please visit http://www.nrfc.com.
SafeHarbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; NorthStar Realty can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from NorthStar Realty's expectations include, but are not limited to changes in economic conditions generally and the real estate and bond markets specifically, legislative or regulatory changes (including changes to laws governing the taxation of REITs), availability of capital, interest rates and interest rate spreads, policies and rules applicable to REITs, the continued service of key management personnel, the effect of competition in the real estate finance industry, the costs associated with compliance and corporate governance, including the Sarbanes-Oxley Act and related regulations and requirements, and other risks detailed from time to time in NorthStar Realty's SEC reports. Factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the Company's Annual Report on Form 10-K for the year ended
SOURCE NorthStar Realty Finance Corp.