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Colony Financial Declares $0.05/Share Special Dividend, Updates Record Date for $0.35/Share Qtr. Dividend


The Board of Directors of Colony Financial, Inc. (NYSE: 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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