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Wednesday, March 22, 2023

Equity Corporate Actions Alert #2023 - 173
When-issued Trading Information for Star Holdings (STHOV), a spin off from iStar Inc. (NYSE: STAR)

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  • Industry Announcement

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iStar Inc. (NYSE: STAR) has announced a spin-off of Star Holdings (STHOV) listing on Nasdaq Global Market with a record date of March 27, 2023. Shareholders of iStar Inc. (NYSE: STAR) will receive approximately .153 of a share of Star Holdings (STHOV) for each share of iStar Inc. Common Stock (NYSE: STAR) held on the record date. The shares of Star Holdings (STHOV) will be distributed to iStar Inc. (NYSE: STAR) shareholders on the payment date of March 31, 2023.

A when issued market will be established for Star Holdings under the symbol STHOV. The details for the when issued market are as follows:

Symbol: STHOV
CUSIP: 85512G106
Anticipated First Trade Date: March 24, 2023

The first day of “regular way” trading is anticipated to be March 31, 2023. The symbol will change to STHO on that date.

Symbol: STHO
CUSIP: 85512G106
Anticipated Effective Date: March 31, 2023
Settlement Date: April 4, 2023

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523 or Jay Heller at +1 212 401 8932.

If you would like to register as a market maker in STHOV contact Nasdaq Trade Desk at +1 212 231 5100.

For information about the record date of the distribution and ex-distribution when issued trading of SAFE WI, contact NYSE Market Operations at service.desk@nyse.com or +1 212 896 2830.


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