NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
UNITED STATES |
OMB APPROVAL |
OMB Number: |
3235-0080 |
Expires: |
March 31, 2018 |
Estimated average burden |
hours per response: |
1.7 |
|
|
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM 25 |
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
|
Commission File Number |
001-15371 |
Issuer: |
ISTAR INC. |
Exchange: |
NEW YORK STOCK EXCHANGE LLC |
|
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
|
Address: |
1114 Avenue of the Americas39th Floor |
|
New York |
NEW YORK |
10036 |
Telephone number: |
| (212) 930-9400 |
|
(Address, including zip code, and telephone number, including area code, of Issuer's
principal executive offices)
|
Common Stock |
(Description of class of securities)
|
|
Please place an X in the box to designate the rule provision relied upon to strike
the class of securities from listing and registration:
|
|
Pursuant to the requirements fo the Securities Exchange Act of 1934,
NEW YORK STOCK EXCHANGE LLC
certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing the Form 25 and has caused this notification to be
signed on its behalf by the undersigned duly authorized person.
|
2023-03-31 |
By |
Victoria Paper |
|
Manager, Market Watch and Proxy Compliance |
Date |
|
Name |
Title |
|
1 |
Form 25 and attached Notice will be considered compliance with the provisions of
17 CFR 240.19d-1 as applicable. See General Instructions.
|
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
|
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on April 11, 2023, pursuant to the provisions of Rule 12d2-2 (a).
[ X ] 17 CFR 240.12d2-2(a)(3) That on March 31, 2023 the instruments representing the securities comprising the entire class of this security came to evidence, by operation of law or otherwise, other securities in substitution therefore and represent no other right except, if such be the fact, the right to receive an immediate cash payment.
On March 31, 2023, Safehold, Inc. ("SAFE") completed its previously announced merger (the "Merger") with and into iStar, Inc. ("STAR"), with STAR continuing as the surviving corporation and operating under the name "Safehold Inc." ("New SAFE"). Each share of common stock of STAR issued and outstanding immediately before effective time of merger will be converted into a fraction of a share of New SAFE Common Stock by way of a reverse stock split that will occur immediately prior to the effective time of the Merger. In addition, each outstanding share of Series D Preferred Stock, Series G Preferred Stock and Series I Preferred Stock of STAR will be converted into the right to receive $25.00 in cash plus accrued and unpaid dividends.
This Form 25 is being filed solely in connection with the discontinuation of the trading on the NYSE of STAR Common Stock and does not affect the continued listing on the NYSE of the New SAFE common Stock.
The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading before market open on March 31, 2023.