iStar Announces Tax Treatment of 2021 Dividends

Rhea-AI Summary

iStar (NYSE: STAR) has announced the tax treatment for its 2021 dividends, detailing distributions for both common and preferred stock. Shareholders of iStar's common stock received $0.485 per share over four distributions in 2021, while preferred stockholders received $2.00 annually, paid in quarterly installments. Dividend payments are set for March 15, June 15, September 15, and December 15, 2021. The tax characterization identifies ordinary income, return of capital, and capital gains for various payments, providing shareholders with essential tax information.

Positive

• Total dividend payout for common stock: $0.485 per share.
• Consistent preferred dividend payout of $2.00 per share annually.

Negative

• None.

NEW YORK, Jan. 28, 2022 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2021 common and preferred stock dividends.

iStar Common Stock

NYSE: STAR
CUSIP: 45031U-101

Record Date	Payment Date		Distribution per Share		Ordinary Income	Capital Gain Distribution (Section 897)	Unrecaptured Section 1250 Gains	Return of Capital
03/01/21	03/15/21		$0.1100		$0.0000	$0.1100	$0.0201322	$0.0000
06/01/21	06/15/21		0.1250		0.0000	0.1250	0.0228775	0.0000
09/01/21	09/15/21		0.1250		0.0000	0.1250	0.0228775	0.0000
12/01/21	12/15/21		0.1250		0.0000	0.1250	0.0228775	0.0000
				$0.4850	$0.0000	$0.4850	$0.0887647	$0.0000

8.00% Series D Preferred Stock  |  Liquidation Preference: $25.00

NYSE: STAR prD
CUSIP: 45031U-408

Record Date	Payment Date		Distribution per Share	Ordinary Income	Capital Gain Distribution (Section 897)	Unrecaptured Section 1250 Gains	Return of Capital
03/01/21	03/15/21		$0.5000	$0.0000	$0.5000	$0.0915102	$0.0000
06/01/21	06/15/21		0.5000	0.0000	0.5000	0.0915102	0.0000
09/01/21	09/15/21		0.5000	0.0000	0.5000	0.0915102	0.0000
12/01/21	12/15/21		0.5000	0.0000	0.5000	0.0915102	0.0000
			$2.0000	$0.0000	$2.0000	$0.3660408	$0.0000

7.65% Series G Preferred Stock  |  Liquidation Preference: $25.00

NYSE: STAR prG
CUSIP: 45031U-705

Record Date	Payment Date		Distribution per Share	Ordinary Income	Capital Gain Distribution (Section 897)	Unrecaptured Section 1250 Gains	Return of Capital
03/01/21	03/15/21		$0.478125	$0.0000	$0.478125	$0.0875066	$0.0000
06/01/21	06/15/21		0.478125	0.0000	0.478125	0.0875066	0.0000
09/01/21	09/15/21		0.478125	0.0000	0.478125	0.0875066	0.0000
12/01/21	12/15/21		0.478125	0.0000	0.478125	0.0875066	0.0000
			$1.912500	$0.0000	$1.912500	$0.3500264	$0.0000

7.50% Series I Preferred Stock  |  Liquidation Preference: $25.00

NYSE: STAR prI
CUSIP: 45031U-804

Record Date	Payment Date		Distribution per Share	Ordinary Income	Capital Gain Distribution (Section 897)	Unrecaptured Section 1250 Gains	Return of Capital
03/01/21	03/15/21		$0.46875	$0.0000	$0.46875	$0.0857908	$0.0000
06/01/21	06/15/21		0.46875	0.0000	0.46875	0.0857908	0.0000
09/01/21	09/15/21		0.46875	0.0000	0.46875	0.0857908	0.0000
12/01/21	12/15/21		0.46875	0.0000	0.46875	0.0857908	0.0000
			$1.87500	$0.0000	$1.87500	$0.3431632	$0.0000

Form 1099-DIV box 2a:  Pursuant to Treas. Reg. § 1.1061-6(c), the Company is reporting that for purposes of section 1061 of the Internal Revenue Code the One Year Amounts Disclosure and the Three-Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of "applicable partnership interests."

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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.

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SOURCE iStar Inc.

FAQ

What is the dividend payment date for iStar common stock in 2021?

The payment dates for iStar common stock dividends in 2021 are March 15, June 15, September 15, and December 15.

How much was the common stock dividend per share for iStar in 2021?

iStar paid a total of $0.485 per share in dividends for its common stock in 2021.

What was the annual preferred stock dividend amount for iStar in 2021?

iStar's preferred stockholders received an annual dividend of $2.00 per share in 2021.

What is the tax treatment for iStar's 2021 dividend payments?

The tax treatment for iStar's 2021 dividends includes ordinary income, return of capital, and capital gains.

When were iStar's 2021 dividend record dates?

The record dates for iStar's 2021 dividends were March 1, June 1, September 1, and December 1.