NorthStar completes spinoff of asset management business

|By:, SA News Editor

NorthStar Asset Management (NSAM) will begin trading today on the Big Board. NorthStar (NRF) owners - after giving effect to a 1:2 reverse stock split - received shares in NSAM on a one-for-one basis.

NRF is trading at $17 premarket vs. last night's close of $17.38.