NorthStar Asset Management (NSAM) Approves $400M Buyback

NorthStar Asset Management (NYSE: NSAM) announced that its Board of Directors has authorized the repurchase of up to $400 million of its outstanding common stock.

The repurchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The authorization will expire in 12 months, unless otherwise extended by NSAM's Board of Directors. The repurchase program will be utilized at management's discretion and in accordance with the requirements of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate requirements and other conditions.

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