Colony Financial, Inc. (the “Company”) (NYSE: CLNY) today announced that
the Company’s Board of Directors has declared cash dividends on shares
of both its common and preferred stock for the second quarter of 2012.
The Company's dividend policy is set by its Board of Directors and is
evaluated based upon the deployment of the Company's capital and its
taxable earnings and cash flow.
Common Stock Dividend
The Company's Board of Directors has declared a quarterly dividend of
$0.35 per common share for the second quarter of 2012. The dividend will
be paid on July 16, 2012, to stockholders of record on June 29, 2012.
8.50% Series A Cumulative Perpetual Preferred Stock
The Company's Board of Directors declared a cash dividend of $0.6847 per
share on the Company's 8.50% Series A Cumulative Perpetual Preferred
Stock with liquidation preference of $25 per share for the period from
March 20, 2012 to July 15, 2012. The dividend will be paid on July 16,
2012, to stockholders of record on June 29, 2012.
About Colony Financial, Inc.
Colony Financial, Inc. is a real estate finance and investment company
that is focused primarily on acquiring and originating commercial real
estate loans and real estate-related debt at attractive risk-adjusted
returns. 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.
Forward-Looking Statements
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: the Company’s business
and investment strategy; the Company's ability to maintain its
qualification as a REIT for U.S. federal income tax purposes; and the
Company's ability to maintain its exemption from registration under the
1940 Act.
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,
and other risks described in documents subsequently filed by the Company
from time to time with the SEC.
