LOS ANGELES--(BUSINESS WIRE)--Dec. 17, 2012--
The Board of Directors of Colony Financial, Inc. (NYSE: CLNY) (the
“Company”) has declared a special dividend for 2012 of $0.05 per common
share that results from a distribution of the balance of the Company’s
estimated taxable income for 2012. The special dividend will be paid on
January 15, 2013 to stockholders of record on December 27, 2012.
In addition, the Company also announced today that the record date of
its previously announced quarterly dividend of $0.35 per common share
for the fourth quarter of 2012 has been changed to December 27, 2012.
However, the record date of December 31, 2012 remains unchanged for the
fourth quarter dividend payable on January 15, 2013 for the Company's
8.50% Series A Cumulative Perpetual Preferred Stock with liquidation
preference of $25 per share.
About Colony Financial, Inc.
Colony Financial, Inc. is a real estate investment and finance company
that is focused on acquiring, originating and managing a diversified
portfolio of opportunistic real estate-related debt and equity
investments at attractive risk-adjusted returns. Our investment
portfolio and target assets are primarily composed of interests in: (i)
secondary loans acquired at a discount to par; (ii) new originations;
and (iii) equity in single family homes to be held for investment and
rented to tenants. Secondary debt purchases may include performing,
sub-performing or non-performing loans (including loan-to-own
strategies). Colony Financial has elected to be taxed as a real estate
investment trust, or REIT, for U.S. federal income tax purposes. Colony
Financial is a component of the Russell 2000® and the Russell 3000®
indices. For more information, visit www.colonyfinancial.com.
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts," or
"potential" or the negative of these words and phrases or similar words
or phrases which are predictions of or indicate future events or trends
and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond the Company's control, that
may cause actual results to differ significantly from those expressed in
any forward-looking statement. Statements regarding the following
subjects, among others, may be forward-looking: business and investment
strategy; investment portfolio; projected operating results; ability to
obtain financing arrangements; financing and advance rates for the
Company's target assets; general volatility of the markets in which the
Company invests; expected investments; expected co-investment
allocations and related requirements; interest rate mismatches between
the Company's target assets and its borrowings used to fund such
investments; changes in interest rates and the market value of the
Company's target assets; changes in prepayment rates on the Company's
target assets; effects of hedging instruments on the Company's target
assets; rates of default or decreased recovery rates on the Company's
target assets; the degree to which the Company's hedging strategies may
or may not protect the Company from interest and foreign exchange rate
volatility; impact of changes in governmental regulations, tax law and
rates, and similar matters; the Company's ability to maintain its
qualification as a REIT for U.S. federal income tax purposes; the
Company's ability to maintain its exemption from registration under the
1940 Act; availability of investment opportunities in mortgage-related
and real estate-related investments and other securities; availability
of qualified personnel; the Company's understanding of its competition;
and market trends in the Company's industry, interest rates, real estate
values, the debt securities markets or the general economy.
All forward-looking statements reflect the Company’s good faith beliefs,
assumptions and expectations, but they are not guarantees of future
performance. Furthermore, the Company disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information, data
or methods, future events or other changes. For a further discussion of
these and other factors that could cause the Company’s future results to
differ materially from any forward-looking statements, see the section
entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2011 filed with the Securities and Exchange
Commission on March 9, 2012, the Company's Quarterly Report on Form 10-Q
for the quarter ended March 31, 2012 filed with the SEC on May 8, 2012,
the Company's Quarterly Report on Form 10-Q for the quarter ended June
30, 2012 filed with the SEC on August 9, 2012, the Company’s Quarterly
Report on Form 10-Q for the quarter ended September 30, 2012 filed with
the SEC on November 9, 2012, and other risks described in documents
subsequently filed by the Company from time to time with the SEC.
Source: Colony Financial, Inc.
Colony Financial, Inc.
COO, CFO & Treasurer
Owen Blicksilver P.R., Inc.