iStar Files $1B Shelf

New York-based iStar Financial has filed a shelf registration with the Securities and Exchange Commission that will allow the company to issue securities up to a $1 billion limit after it becomes effective.The line could be used to issue various security types, including common stock, preferred stock, debt securities, depository shares, and warrants, the commercial real estate investment trust said. The issuance would be subject to market conditions and the company's needs. "We have maintained a $500 million shelf over the past several years, and are increasing our shelf to $1 billion, reflecting the growth of our company," said Catherine D. Rice, iStar's chief financial officer.

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