iStar buys back $21.8 million of 1.5% convertibles at par in Q3

By Susanna Moon

Chicago, Nov. 3 – iStar Inc. bought back $21.8 million of its 1.5% convertible notes due in November in the third quarter.

The notes were repurchased at par, and amounts to a reduction of 1.3 million diluted shares, according to the company’s earnings results for the third quarter ended Sept. 30.

iStar is a New York-based investor and developer of real estate and real estate related projects.

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