NEW YORK, Jan. 29, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2015 preferred stock dividends.



     Series
     of        Ticker                  Liquidation                                Return of
     Preferred
     Stock     Symbol       CUSIP      Preference         Distributions           Capital
     --------- ------       -----      ----------         -------------           -------

     8.00%
     Series
     D         STAR prD     45031U-408             $25.00                   $2.00           100%

     7.875%
     Series
     E         STAR prE     45031U-507             $25.00               $1.968752           100%

     7.80%
     Series
     F         STAR prF     45031U-606             $25.00                   $1.95           100%

     7.65%
     Series
     G         STAR prG     45031U-705             $25.00                 $1.9125           100%

     7.50%
     Series
     I         STAR prI     45031U-804             $25.00                  $1.875           100%

     4.50%
     Series
     J                  N/A 45031U-887             $50.00                   $2.25           100%
     ------             --- ----------             ------                   -----            ---

* * *

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The Company is structured as a real estate investment trust ("REIT"), with a diversified portfolio focused on larger assets located in major metropolitan markets. Additional information on iStar is available on its website at www.istar.com.

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SOURCE iStar