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The Board of Directors of Colony Financial, Inc.
CLNY (the “Company”)
has declared a special dividend for 2012 of $0.05 per common share that
results from a distribution of the balance of the Company's estimated taxable
income for 2012. The special dividend will be paid on January 15, 2013 to
stockholders of record on December 27, 2012.
In addition, the Company also announced today that the record date of its
previously announced quarterly dividend of $0.35 per common share for the
fourth quarter of 2012 has been changed to December 27, 2012. However, the
record date of December 31, 2012 remains unchanged for the fourth quarter
dividend payable on January 15, 2013 for the Company's 8.50% Series A
Cumulative Perpetual Preferred Stock with liquidation preference of $25 per
share.
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