Le Lézard
Classified in: Business
Subject: DIV

Safehold Announces Tax Treatment of 2023 Dividends, Including Pre-Merger Distributions


NEW YORK, Jan. 8, 2024 /PRNewswire/ -- Safehold Inc. completed a merger with iStar Inc. on March 31, 2023 (the "Merger"), in which iStar was the survivor for tax purposes. iStar changed its name to Safehold Inc. immediately following the merger. The following tax treatment of distributions applies to the companies pre-and-post-merger:

Safehold Common Stock (Pre-and-Post-Merger)

NYSE: SAFE (Post-Merger)
CUSIP: 78646V107

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income

Return of Capital
(Non-dividend
Distribution)


06/30/23

07/14/23

$0.1770

$0.0000

$0.1770


09/29/23

10/13/23

0.1770

0.0000

0.1770


Total


$0.3540

$0.0000

$0.3540


NYSE: SAFE (Pre-Merger)
CUSIP: 78645L100

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income

Return of Capital
(Non-dividend
Distribution)


12/30/22

1/13/23

$0.1770

$0.0000

$0.1770


3/30/23

3/30/23

0.1770

0.0000

0.1770


Total


$0.3540

$0.0000

$0.3540


NYSE: STAR (Pre-Merger)
CUSIP: 45031U-101

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income
(Qualifying
Dividend)

Capital Gain
Distribution

Non dividend
Distribution

Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount

03/30/23

03/30/23

$2.7853

$0.5203

$0.0144

$2.2506

$0.0144

Total


$2.7853

$0.5203

$0.0144

$2.2506

$0.0144

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

NYSE: STAR prD (Pre-Merger)
CUSIP: 45031U-408

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income
(Qualifying
Dividend)

Capital Gain
Distribution

Non dividend
Distribution

Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount

03/01/23

03/15/23

$0.5000000

$0.0000

$0.5000000

$0.0000

$0.5000000

03/30/23

03/30/23

0.0888889

0.0000

0.0888889

0.0000

0.0888889

Total


$0.5888889

$0.0000

$0.5888889

$0.0000

$0.5888889









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

NYSE: STAR prG (Pre-Merger)
CUSIP: 45031U-705

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income
(Qualifying
Dividend)

Capital Gain
Distribution

Non dividend
Distribution

Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount

03/01/23

03/15/23

$0.478125

$0.000000

$0.478125

$0.000000

$0.478125

03/30/23

03/30/23

0.085000

0.000000

0.085000

0.000000

0.085000

Total


$0.563125

$0.000000

$0.563125

$0.000000

$0.563125









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

NYSE: STAR prI (Pre-Merger)
CUSIP: 45031U-804

Record
Date

Payment
Date

Distribution
per Share

Ordinary
Income
(Qualifying
Dividend)

Capital Gain
Distribution

Non dividend
Distribution

Treas. Reg.
§ 1.1061-6(c)
One year and
Three-Year
Amount

03/01/23

03/15/23

$0.4687500

$0.00000

$0.4687500

$0.00000

$0.4687500

03/30/23

03/30/23

0.0833333

0.00000

0.0833333

0.00000

0.0833333

Total


$0.5520833

$0.00000

$0.5520833

$0.00000

$0.5520833









About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E [email protected] 

SOURCE Safehold Inc.


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