NorthStar Realty Finance Declares Quarterly Dividend on Series A and Series B Preferred...

NorthStar Realty Finance Declares Quarterly Dividend on Series A and Series B
Preferred Shares

NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- NorthStar Realty Finance Corp.
(NYSE: NRF) today announced that its Board of Directors has declared a cash
dividend of $0.54688 per share of Series A preferred stock, payable on
February 15, 2008 to shareholders of record on February 5, 2008, and a cash
dividend of $0.51563 per share of Series B preferred stock, payable on
February 15, 2008 to shareholders of record on February 5, 2008.
About NorthStar Realty Finance Corp.
NorthStar Realty Finance Corp. is an internally managed REIT that
primarily originates and invests in commercial real estate debt, real estate
securities and net lease properties. For more information about NorthStar
Realty Finance Corp., please visit http://www.nrfc.com.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current expectations and
beliefs and are subject to a number of trends and uncertainties that could
cause actual results to differ materially from those described in the forward-
looking statements; NorthStar Realty can give no assurance that its
expectations will be attained. Factors that could cause actual results to
differ materially from NorthStar Realty's expectations include, but are not
limited to changes in economic conditions generally and the real estate and
bond markets specifically, legislative or regulatory changes (including
changes to laws governing the taxation of REITs), availability of capital,
interest rates and interest rate spreads, policies and rules applicable to
REITs, the continued service of key management personnel, the effect of
competition in the real estate finance industry, the costs associated with
compliance and corporate governance, including the Sarbanes-Oxley Act and
related regulations and requirements, and other risks detailed from time to
time in NorthStar Realty's SEC reports. Factors that could cause actual
results to differ materially from those in the forward-looking statements are
specified in the Company's Annual Report on Form 10-K for the year ended
December 31, 2006. Such forward-looking statements speak only as of the date
of this press release. NorthStar Realty expressly disclaims any obligation to
release publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in its expectations with regard thereto
or change in events, conditions or circumstances on which any statement is
based.
SOURCE NorthStar Realty Finance Corp.

Julie Tu, Investor Relations, +1-212-827-3776, for NorthStar Realty Finance
Corp.