iStar Announces Tax Treatment of 2022 Dividends
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NEW YORK, Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2022 common and preferred stock dividends.
iStar is designating all dividends paid in 2022 as Capital Gain Distributions pursuant to Internal Revenue Code section 857(b)(3)(B). The entire capital gain distribution was paid from long-term capital gains from the sales of shares in domestically controlled real estate investment trusts. Accordingly, none constitutes Unrecaptured Section 1250 gain or Section 897 gain.
iStar Common Stock
NYSE: STARCUSIP: 45031U-101
Record Date | Payment Date | Distributionper Share | OrdinaryIncome | Capital GainDistribution | Treas. Reg.§ 1.1061-6(c)One-YearAmount | Treas. Reg.§ 1.1061-6(c)Three-YearAmount | |
03/01/22 | 03/15/22 | $0.1250000 | $0.0000000 | $0.1250000 | $0.1250000 | $0.1250000 | |
06/01/22 | 06/15/22 | 0.1250000 | 0.0000000 | 0.1250000 | 0.1250000 | 0.1250000 | |
09/01/22 | 09/15/22 | 0.1250000 | 0.0000000 | 0.1250000 | 0.1250000 | 0.1250000 | |
12/01/22 | 12/07/22 | 2.2161225 | 0.0000000 | 2.2161225 | 2.2161225 | 2.2161225 | |
$2.5911225 | $0.0000000 | $2.5911225 | $2.5911225 | $2.5911225 | |||
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prDCUSIP: 45031U-408
Record Date | Payment Date | Distributionper Share | OrdinaryIncome | Capital GainDistribution | Treas. Reg.§ 1.1061-6(c)One-YearAmount | Treas. Reg.§ 1.1061-6(c)Three-YearAmount | |
03/01/22 | 03/15/22 | $0.5000 | $0.0000 | $0.5000 | $0.5000 | $0.5000 | |
06/01/22 | 06/15/22 | 0.5000 | 0.0000 | 0.5000 | 0.5000 | 0.5000 | |
09/01/22 | 09/15/22 | 0.5000 | 0.0000 | 0.5000 | 0.5000 | 0.5000 | |
12/01/22 | 12/15/22 | 0.5000 | 0.0000 | 0.5000 | 0.5000 | 0.5000 | |
$2.0000 | $0.0000 | $2.0000 | $2.0000 | $2.0000 | |||
7.65% Series G Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prGCUSIP: 45031U-705
Record Date | Payment Date | Distributionper Share | OrdinaryIncome | Capital GainDistribution | Treas. Reg.§ 1.1061-6(c)One-YearAmount | Treas. Reg.§ 1.1061-6(c)Three-YearAmount | |
03/01/22 | 03/15/22 | $0.478125 | $0.000000 | $0.478125 | $0.478125 | $0.478125 | |
06/01/22 | 06/15/22 | 0.478125 | 0.000000 | 0.478125 | 0.478125 | 0.478125 | |
09/01/22 | 09/15/22 | 0.478125 | 0.000000 | 0.478125 | 0.478125 | 0.478125 | |
12/01/22 | 12/15/22 | 0.478125 | 0.000000 | 0.478125 | 0.478125 | 0.478125 | |
$1.912500 | $0.000000 | $1.912500 | $1.912500 | $1.912500 | |||
7.50% Series I Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prICUSIP: 45031U-804
Record Date | Payment Date | Distributionper Share | OrdinaryIncome | Capital GainDistribution | Treas. Reg.§ 1.1061-6(c)One-YearAmount | Treas. Reg.§ 1.1061-6(c)Three-YearAmount | |
03/01/22 | 03/15/22 | $0.46875 | $0.00000 | $0.46875 | $0.46875 | $0.46875 | |
06/01/22 | 06/15/22 | 0.46875 | 0.00000 | 0.46875 | 0.46875 | 0.46875 | |
09/01/22 | 09/15/22 | 0.46875 | 0.00000 | 0.46875 | 0.46875 | 0.46875 | |
12/01/22 | 12/15/22 | 0.46875 | 0.00000 | 0.46875 | 0.46875 | 0.46875 | |
$1.87500 | $0.00000 | $1.87500 | $1.87500 | $1.87500 | |||
* * *
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.
Company Contact: Jason FooksSenior Vice PresidentInvestor Relations & MarketingT 212.930.9400E [email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/istar-announces-tax-treatment-of-2022-dividends-301720857.html
SOURCE iStar Inc.
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