iStar Preferred Stocks: An Estimated 20% Yield To The Merger Close

Jan. 22, 2023 12:00 PM ETSafehold Inc. (SAFE), STARSTAR.PD, STAR.PG, STAR.PI94 Comments


  • iStar is merging with Safehold which provides us with an excellent high yielding opportunity which I wrote about in an earlier article.
  • The merger plan states that iStar preferred stocks will be called providing preferred “G” and “I” investors with an estimated 20% annualized return from now until the estimated call date.
  • Even if the 3 iStar preferred stocks are not called, they will become very undervalued as a result of their improved credit rating.
  • In this article, I will look at what we can expect for this trade going forward and how this trade idea has performed so far.
  • Looking for more investing ideas like this one? Get them exclusively at Conservative Income Portfolio. Learn More »

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In my preferred stock research, I am always looking for special situations. These are investments that aren’t dependent on movements in the stock market or with interest rates. They often offer much more certainty than typical investments although they tend

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This article was written by

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The best way to provide income in today's markets while reducing risks

Trading preferred stocks and fixed income securities for more than 25 years and stocks in general for 35 years.  Author of many Seeking Alpha articles and Editor's Picks articles.

Disclosure: I/we have a beneficial long position in the shares of STAR.PD, STAR.PG, STAR.PI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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