NEW
YORK, Jan. 8, 2024 /PRNewswire/ -- Safehold Inc.
completed a merger with iStar Inc. on March
31, 2023 (the "Merger"), in which iStar was the survivor for
tax purposes. iStar changed its name to Safehold Inc. immediately
following the merger. The following tax treatment of distributions
applies to the companies pre-and-post-merger:
Safehold Common Stock (Pre-and-Post-Merger)
NYSE: SAFE (Post-Merger)
CUSIP: 78646V107
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Return of Capital
(Non-dividend
Distribution)
|
|
|
06/30/23
|
07/14/23
|
$0.1770
|
$0.0000
|
$0.1770
|
|
|
09/29/23
|
10/13/23
|
0.1770
|
0.0000
|
0.1770
|
|
|
Total
|
|
$0.3540
|
$0.0000
|
$0.3540
|
|
NYSE: SAFE (Pre-Merger)
CUSIP: 78645L100
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
|
Return of Capital
(Non-dividend
Distribution)
|
|
|
12/30/22
|
1/13/23
|
$0.1770
|
$0.0000
|
$0.1770
|
|
|
3/30/23
|
3/30/23
|
0.1770
|
0.0000
|
0.1770
|
|
|
Total
|
|
$0.3540
|
$0.0000
|
$0.3540
|
|
NYSE: STAR (Pre-Merger)
CUSIP: 45031U-101
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
(Qualifying
Dividend)
|
Capital Gain
Distribution
|
Non dividend
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount
|
|
03/30/23
|
03/30/23
|
$2.7853
|
$0.5203
|
$0.0144
|
$2.2506
|
$0.0144
|
|
Total
|
|
$2.7853
|
$0.5203
|
$0.0144
|
$2.2506
|
$0.0144
|
8.00% Series D Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prD (Pre-Merger)
CUSIP: 45031U-408
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
(Qualifying
Dividend)
|
Capital Gain
Distribution
|
Non dividend
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount
|
|
03/01/23
|
03/15/23
|
$0.5000000
|
$0.0000
|
$0.5000000
|
$0.0000
|
$0.5000000
|
|
03/30/23
|
03/30/23
|
0.0888889
|
0.0000
|
0.0888889
|
0.0000
|
0.0888889
|
|
Total
|
|
$0.5888889
|
$0.0000
|
$0.5888889
|
$0.0000
|
$0.5888889
|
|
|
|
|
|
|
|
|
7.65% Series G Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prG (Pre-Merger)
CUSIP: 45031U-705
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
(Qualifying
Dividend)
|
Capital Gain
Distribution
|
Non dividend
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount
|
|
03/01/23
|
03/15/23
|
$0.478125
|
$0.000000
|
$0.478125
|
$0.000000
|
$0.478125
|
|
03/30/23
|
03/30/23
|
0.085000
|
0.000000
|
0.085000
|
0.000000
|
0.085000
|
|
Total
|
|
$0.563125
|
$0.000000
|
$0.563125
|
$0.000000
|
$0.563125
|
|
|
|
|
|
|
|
|
7.50% Series I Preferred Stock | Liquidation
Preference: $25.00
NYSE: STAR prI (Pre-Merger)
CUSIP: 45031U-804
|
Record
Date
|
Payment
Date
|
Distribution
per Share
|
Ordinary
Income
(Qualifying
Dividend)
|
Capital Gain
Distribution
|
Non dividend
Distribution
|
Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount
|
|
03/01/23
|
03/15/23
|
$0.4687500
|
$0.00000
|
$0.4687500
|
$0.00000
|
$0.4687500
|
|
03/30/23
|
03/30/23
|
0.0833333
|
0.00000
|
0.0833333
|
0.00000
|
0.0833333
|
|
Total
|
|
$0.5520833
|
$0.00000
|
$0.5520833
|
$0.00000
|
$0.5520833
|
|
|
|
|
|
|
|
|
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate
ownership by providing a new and better way for owners to unlock
the value of the land beneath their buildings. Having created the
modern ground lease industry in 2017, Safehold continues to help
owners of high quality multifamily, office, industrial,
hospitality, student housing, life science and mixed-use properties
generate higher returns with less risk. The Company, which is taxed
as a real estate investment trust (REIT), seeks to deliver safe,
growing income and long-term capital appreciation to its
shareholders. Additional information on Safehold is available on
its website at www.safeholdinc.com.
Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com
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SOURCE Safehold Inc.
