Today, NorthStar Realty Finance Corp. (NorthStar Realty) announced that its Board of Directors has authorized the $500 million re-purchase of its exceptional common stock.
The open market experiences re-purchases all the time, as privately owned companies negotiate deals as market conditions allow. Authorizations, however, expire every 12 months, but NorthStar Realty's Board of Directors can extend it. The re-purchase plan will be used under the decisions of the management and will be based on the Securities and Exchange Commission requirements. The actual volume and timing of re-purchased share will be based on different factors such as corporate demands, price, and other market conditions.
The company NorthStar Realty Finance Corp. (NRF, -3.74%) is a real estate firm that is diversified and managed as a REIT. The company has declared a program to handle and modify its European real estate industry into publicly-traded REIT. The company is an affiliate and is managed by NorthStar Asset Management Group Inc. (NSAM, -4.16%).
Differences in principles and outcome may be important. Elements that could lead to actual outcomes to materially differ from NorthStar Realty's anticipations such as, however is not restricted to, manner and amount of stock repurchases.
As for the limitations, the capability to make use of any benefit from the stock re-purchase plan could cause outcomes to materially vary from those in the specified forward looking statements of the realty firm's Annual Report on Form 10-K for 2014, published in Dec. 31, and its other documents filed with the Securities and Exchange Commission.
Finally, NorthStar Realty posted a disclaimer that any demand to publicly issue any modifications or updates to any statements that reflect any revision in its assumptions of circumstances, conditions on which any statement is based.
Some items in the current press release may have statements about what the company expects and will do. These announcements are according to the present principles and forecasts, and are purely based on uncertainties and market trends that could lead to actual outcomes to materially differ from those characterized in the press release.
