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iStar Financial Inc. Message Board

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  • foreverwhiteroses foreverwhiteroses Nov 23, 2008 4:22 PM Flag

    NPL resolution - Drake Hotel site

    Maybe one reason to be buying back stock around $1 is written in the 10Q: "Our $800.0 million aggregate principal amount of outstanding convertible debt securities provide that we must offer to repurchase the securities from the holders at 100% of their par value plus accrued and unpaid interest if our Common Stock is no longer listed on a national securities exchange."