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iStar Financial Inc | 7.65% Series G Cumulative Redeemable Preferred Stock (SFI.PRG)

Prospectus exerpt:  We are offering 3,200,000 shares of our 7.65% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share, which we refer to as our "Series G Preferred Stock." We will pay to investors cumulative dividends on the Series G Preferred Stock from December 19, 2003 in the amount of $1.9125 per share each year, which is equivalent to 7.65% of the $25.00 liquidation preference per share. Dividends on the Series G Preferred Stock will be payable quarterly in arrears, beginning on March 15, 2004. The shares of Series G Preferred Stock have no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any other securities. Holders of shares of Series G Preferred Stock will generally have no voting rights, but will have limited voting rights if we fail to pay dividends for six or more quarters and in certain other events.

Except in limited circumstances to preserve our status as a real estate investment trust, we may not redeem the Series G Preferred Stock until December 19, 2008. On or after December 19, 2008, we may, at our option, redeem the Series G Preferred Stock, in whole or in part, at any time and from time to time, for cash at $25.00 per share, plus accrued and unpaid dividends, if any, to and including the redemption date. Any partial redemption will generally be on a pro rata basis.

Full Prospectus PDF », SFI Page »

Series:G
Redeemable?:Yes
Call Date:12/19/2008 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,200,000
Liquidation Preference:$25
Recent Market Price:$25.00
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.00 (0.00%)
Annualized Dividend:1.9125
Recent Ex-Date:5/29/2013
Current Yield:7.65%
Original Coupon:7.650%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
iStar Financial is a finance and investment company focused on the commercial real estate industry. Co. provides investment capital to private and corporate owners of real estate and invests directly across a range of real estate sectors. Co.'s three primary business segments are: lending, which has a portfolio that is primarily comprised of senior and mezzanine real estate loans; net leasing, which has a portfolio that is primarily comprised of properties owned by Co. and leased to single tenants; and real estate investment, which includes real estate held for investment and other real estate owned properties. As of Dec 31 2011, Co. owned 299 facilities in 35 states.

Preferreds: SFI.PRE, SFI.PRF, SFI.PRG, SFI.PRI


Open the SFI Information Page »
Name:  iStar Financial Inc
Website:  www.istarfinancial.com
Sector:  REITs
Number of ETFs Holding SFI:  26 (see which ones)
Total Market Value Held by ETFs:  $52,901,803
Total Market Capitalization:  $1,056,000,000
% of Market Cap. Held by ETFs:  5.01%

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