iStar, Inc., 7.65% Series G Cumulative Redeemable Preferred Stock

Ticker: STAR-G

Parent Ticker: STAR

OTC Grey Market Temporary Ticker: NA

Issuance Date: 12/10/2003

1st Call Date: 12/19/2008

Maturity Date: None

Shares Issued: 3,200,000

Overallotment Shares: 0

Coupon: 7.65%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.478

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: Last Day

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: B

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: B2

Fitch Rating: NR

Egan-Jones Rating: NR