iStar Announces Tax Treatment of 2022 Dividends

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.