Star Holdings registration declared effective; spin-off from iStar set for March 31, 2023

Star Holdings

SEC declared Star Holdings' Form 10 registration effective on March 22, 2023.
iStar stockholders of record as of March 27, 2023 to receive 0.153 STHO shares per iStar share.
Distribution to occur before open of trading on March 31, 2023, immediately prior to iStar-Safehold merger closing.
Star Holdings common shares to trade 'regular way' on Nasdaq under ticker 'STHO' starting March 31, 2023.
Distribution is contingent on satisfaction of iStar-Safehold merger conditions; no assurance distribution will occur.

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