iStar, Inc., 8.00% Series D Cumulative Redeemable Preferred Stock

Originally issued by Trinet Corp

Ticker: STAR-D

Parent Ticker: STAR

OTC Grey Market Temporary Ticker: NA

Issuance Date: 10/07/1997

1st Call Date: 10/08/2002

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 8.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.500

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