In connection with NorthStar Realty Finance Corp.’s previously disclosed announcement on December 10, 2013 of its plan to spin-off its asset management business, NorthStar Asset Management Group Inc. (“NSAM”), it filed an amended Registration Statement with the SEC. Upon the consummation of the spin-off, which is expected to be completed on or around the end of Q2 2014, holders of record of the Company’s common stock will receive one share of NSAM common stock for every one share of Company common stock held. NSAM common stock is expected to be listed on the New York Stock Exchange. The Information Statement also discloses that in connection with and immediately prior to the consummation of the spin-off, the Company expects to effect a 1-for-2 reverse stock split of Company common stock, which means that holders of the Company’s common stock will effectively receive one share of NSAM common stock for every two shares of the Company’s common stock owned prior to the spin-off. Source: Presentation, 8K, Updated Registration Statement
