Key Developments: NorthStar Realty Finance Corp (NRF.N)

NRF.N on New York Stock Exchange

9.78USD
1 Aug 2013
Price Change (% chg)

$-0.02 (-0.20%)
Prev Close
$9.80
Open
$9.90
Day's High
$9.94
Day's Low
$9.71
Volume
557,966
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776,330
52-wk High
$10.30
52-wk Low
$5.35

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Latest Key Developments (Source: Significant Developments)

NorthStar Realty Finance Corp Declares Second Quarter Common Stock Dividend; Declares Dividend on Series A, Series B, Series C and Series D Preferred Shares
Wednesday, 31 Jul 2013 04:06pm EDT 

NorthStar Realty Finance Corp announced that its Board of Directors has declared a cash dividend of $0.20 per share of common stock, payable with respect to the quarter ended June 30, 2013. The dividend is expected to be paid on August 16, 2013 to shareholders of record as of the close of business on August 12, 2013. The Company also announced that Board of Directors has declared: a quarterly cash dividend of $0.54688 per share of Series A preferred stock, payable on August 15, 2013 to shareholders of record on August 12, 2013; ( a quarterly cash dividend of $0.51563 per share of Series B preferred stock, payable on August 15, 2013 to shareholders of record on August 12, 2013; a quarterly cash dividend of $0.55469 per share of Series C preferred stock, payable on August 15, 2013 to shareholders of record on August 12, 2013; and a quarterly cash dividend of $0.53125 per share of Series D preferred stock, payable on August 15, 2013 to shareholders of record on August 12, 2013.  Full Article

NorthStar Realty Finance Corp Announces Pricing of Private Offering Of $300 Million of 5.375% Exchangeable Senior Notes Due 2033
Friday, 14 Jun 2013 08:00am EDT 

NorthStar Realty Finance Corp announced that NorthStar Realty Finance Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a private offering of $300 million principal amount of the operating partnership's exchangeable senior notes due 2033, plus up to an additional $45 million principal amount of notes that may be issued at the option of the initial purchasers to cover over-allotments within 30 days of the initial sale of the notes. The notes will be senior unsecured obligations of the operating partnership, exchangeable for cash, shares of the Company's common stock, or a combination of cash and shares of the Company's common stock, at the operating partnership's option. Each of the Company and NRFC Sub-REIT Corp., a subsidiary of the operating partnership, intends to guarantee the payment of amounts due on the notes. The Company intends to use the net proceeds of the offering to make investments relating to its business, including the pending acquisition of limited partnership interests in up to 25 real estate private equity funds that was announced on June 12, 2013, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

NorthStar Realty Finance Corp Announces Private Offering Of $300 Million Exchangeable Senior Notes Due 2033
Wednesday, 12 Jun 2013 04:06pm EDT 

NorthStar Realty Finance Corp announced that NorthStar Realty Finance Limited Partnership, the operating partnership through which the Company conducts its operations, has commenced a private offering of $300 million principal amount of the operating partnership's exchangeable senior notes due 2033, plus up to an additional $45 million principal amount of notes that may be issued at the option of the initial purchasers to cover over-allotments within 30 days of the initial sale of the notes. The notes will be senior unsecured obligations of the operating partnership, exchangeable for cash, shares of the Company's common stock, or a combination of cash and shares of the Company's common stock, at the operating partnership's option. Each of the Company and NRFC Sub-REIT Corp., a subsidiary of the operating partnership, intends to guarantee the payment of amounts due on the notes. The Company intends to use the net proceeds of the offering to make investments relating to its business, including the pending acquisition of limited partnership interests in up to 25 real estate private equity funds that was announced on June 12, 2013, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

NorthStar Realty Finance Corp Declares First Quarter Common Stock Dividend
Wednesday, 1 May 2013 04:06pm EDT 

NorthStar Realty Finance Corp announced that its Board of Directors has declared a cash dividend of $0.19 per share of common stock, payable with respect to the quarter ended March 31, 2013. The dividend is expected to be paid on May 17, 2013 to shareholders of record as of the close of business on May 13, 2013. NorthStar's common shares will begin trading ex-dividend on May 9, 2013.  Full Article

NorthStar Realty Finance Corp Declares Dividend On Series A, Series B, Series C And Series D Preferred Shares
Wednesday, 1 May 2013 04:05pm EDT 

NorthStar Realty Finance Corp announced that its Board of Directors has declared: (i) a quarterly cash dividend of $0.54688 per share of Series A preferred stock, payable on May 15, 2013 to shareholders of record on May 13, 2013; (ii) a quarterly cash dividend of $0.51563 per share of Series B preferred stock, payable on May 15, 2013 to shareholders of record on May 13, 2013; (iii) a quarterly cash dividend of $0.55469 per share of Series C preferred stock, payable on May 15, 2013 to shareholders of record on May 13, 2013; and (iv) a cash dividend of $0.20660 per share of Series D preferred stock (reflecting accrued dividends from the date of issuance of such shares), payable on May 15, 2013 to shareholders of record on May 13, 2013.  Full Article

NorthStar Realty Finance Corp Announces Closing Of Acquisition Of $865 Million Manufactured Housing Community Portfolio
Monday, 8 Apr 2013 08:00am EDT 

NorthStar Realty Finance Corp announced the closing of acquisition of manufactured housing portfolio comprised of 71 communities containing approximately 17,000 pad rental sites located throughout five states (primarily in Florida and Salt Lake City, Utah) for an aggregate purchase price of $865 million, inclusive of all costs, escrows and reserves. NorthStar financed this transaction with a $640 million non-recourse, 10-year mortgage with a fixed interest rate of 4.02%.  Full Article

NorthStar Realty Finance Corp Announces Pricing of Public Offering of $175 million of 8.50% Series D Preferred Stock
Wednesday, 3 Apr 2013 06:35pm EDT 

NorthStar Realty Finance Corp announced that it priced an underwritten public offering of $175 million of its 8.50% Series D Preferred Stock with a liquidation preference of $25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of its Series D Preferred Stock solely to cover over-allotments, if any. The offering is expected to close on April 10, 2013. Citigroup and UBS Investment Bank are acting as the joint book-running managers of the offering. Barclays, Deutsche Bank Securities, J.P. Morgan and Keefe, Bruyette & Woods are acting as the joint-lead managers of the offering and FBR, JMP Securities, MLV & Co. and Sterne Agee are acting as the co-managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

NorthStar Realty Finance Corp Announces Public Offering Of Its New Series D Preferred Stock
Wednesday, 3 Apr 2013 09:37am EDT 

NorthStar Realty Finance Corp announced that it has commenced an underwritten public offering of its new Series D Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase additional shares of its Series D Preferred Stock solely to cover over-allotments, if any. Citigroup and UBS Investment Bank are acting as the joint book-running managers of the offering. Barclays, Deutsche Bank Securities, J.P. Morgan and Keefe, Bruyette & Woods are acting as the joint-lead managers of the offering and FBR, JMP Securities, MLV & Co. and Sterne Agee are acting as the co-managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

NorthStar Realty Finance Corp Announces Pricing of Public Offering of Common Stock
Wednesday, 20 Feb 2013 08:45am EST 

NorthStar Realty Finance Corp announced that it has priced an underwritten public offering of 30,000,000 shares of common stock at a public offering price of $8.39 per share. The Company has granted the underwriters a 30-day option to purchase up to 4,500,000 additional shares of common stock. The offering is expected to close on February 25, 2013. Deutsche Bank Securities and UBS Investment Bank are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

NorthStar Realty Finance Corp Announces Public Offering of Common Stock
Tuesday, 19 Feb 2013 04:10pm EST 

NorthStar Realty Finance Corp announced that it has commenced an underwritten public offering of 30,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 4,500,000 additional shares of common stock. Deutsche Bank Securities and UBS Investment Bank are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.  Full Article

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