NEW YORK, March 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) today announced that its Board of Directors has conditionally declared a pro rata distribution of 0.153 common shares of Star Holdings for each share of iStar common stock outstanding as of March 27, 2023, the record date for the distribution. The distribution will effectuate the previously-announced spin-off of iStar's legacy assets business. The spin-off of Star Holdings is a condition to the closing of iStar's planned merger with Safehold Inc.
Read more at prnewswire.comiStar Announces Details for Anticipated Spin-Off in Connection with the Safehold Merger
PR Newswire - Press Release
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