Safehold Inc. (SAFE), iStar Financial (STAR) in Talks on Potential Transaction

Safehold Inc. (NYSE: SAFE), iStar Financial (NYSE: STAR) in Talks on Potential Transaction

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A special committee of the Board of Directors of iStar and a special committee of the Board of Directors of the Issuer are in advanced discussions with respect to a potential strategic corporate transaction and are proceeding to negotiate definitive transaction agreements. No definitive agreements with respect to the potential transaction have been executed, and there can be no assurance that definitive agreements will be executed. iStar does not intend to provide further information as to developments, if any, in the parties' discussions until definitive transaction agreements are executed, or as may otherwise be required by law or determined in its discretion.

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