Breaking News

Tweet TWEET

Colony Financial Announces First Quarter 2013 Dividends on Shares of Common and Preferred Stock

  Colony Financial Announces First Quarter 2013 Dividends on Shares of Common
  and Preferred Stock

Business Wire

LOS ANGELES -- March 15, 2013

Colony Financial, Inc. (the “Company”) (NYSE: CLNY) today announced that the
Company’s Board of Directors has declared cash dividends on shares of both its
common and preferred stock for the first quarter of 2013. The Company’s
dividend policy is set by its Board of Directors and is evaluated based upon
the deployment of the Company’s capital and its taxable earnings and cash
flow.

Common Stock Dividend

The Company’s Board of Directors has declared a quarterly dividend of $0.35
per common share for the first quarter of 2013. The dividend will be paid on
April 15, 2013, to stockholders of record on March 28, 2013.

8.50% Series A Cumulative Perpetual Preferred Stock

The Company’s Board of Directors has declared a cash dividend of $0.53125 per
share on the Company’s 8.50% Series A Cumulative Perpetual Preferred Stock
with a liquidation preference of $25 per share for the quarterly period ending
April 15, 2013. The dividend will be paid on April 15, 2013, to stockholders
of record on March 28, 2013.

About Colony Financial, Inc.

Colony Financial, Inc. is a real estate investment and finance company that is
focused on acquiring, originating and managing a diversified portfolio of
opportunistic real estate-related debt and equity investments at attractive
risk-adjusted returns. Our investment portfolio and target assets are
primarily composed of interests in: (i) secondary loans acquired at a discount
to par; (ii) new originations; and (iii) equity in single family homes to be
held for investment and rented to tenants. Secondary debt purchases may
include performing, sub-performing or non-performing loans (including
loan-to-own strategies). Colony Financial has elected to be taxed as a real
estate investment trust, or REIT, for U.S. federal income tax purposes. Colony
Financial is a component of the Russell 2000® and the Russell 3000® indices.
For more information, visitwww.colonyfinancial.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning
of the federal securities laws. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by the use of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” or “potential” or the negative of these words and phrases or
similar words or phrases which are predictions of or indicate future events or
trends and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, that may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Statements regarding the following subjects, among
others, may be forward-looking: business and investment strategy; investment
portfolio; projected operating results; ability to obtain financing
arrangements; financing and advance rates for the Company’s target assets;
general volatility of the markets in which the Company invests; expected
investments; expected co-investment allocations and related requirements;
interest rate mismatches between the Company’s target assets and its
borrowings used to fund such investments; changes in interest rates and the
market value of the Company’s target assets; changes in prepayment rates on
the Company’s target assets; effects of hedging instruments on the Company’s
target assets; rates of default or decreased recovery rates on the Company’s
target assets; the degree to which the Company’s hedging strategies may or may
not protect the Company from interest and foreign exchange rate volatility;
impact of changes in governmental regulations, tax law and rates, and similar
matters; the Company’s ability to maintain its qualification as a REIT for
U.S. federal income tax purposes; the Company’s ability to maintain its
exemption from registration under the 1940 Act; availability of investment
opportunities in mortgage-related and real estate-related investments and
other securities; availability of qualified personnel; the Company’s
understanding of its competition; and market trends in the Company’s industry,
interest rates, real estate values, the debt securities markets or the general
economy.

All forward-looking statements reflect the Company’s good faith beliefs,
assumptions and expectations, but they are not guarantees of future
performance. Furthermore, the Company disclaims any obligation to publicly
update or revise any forward-looking statement to reflect changes in
underlying assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and other factors
that could cause the Company’s future results to differ materially from any
forward-looking statements, see the section entitled “Risk Factors” in the
Company’s Annual Report on Form 10-K for the year ended December 31, 2012
filed with the Securities and Exchange Commission on March 11, 2013, as
amended by a Form 10-K/A filed with the SEC on March 12, 2013, and other risks
described in documents subsequently filed by the Company from time to time
with the SEC.

Contact:

Investor Contact:
Colony Financial, Inc.
Darren Tangen, 310-552-7230
Chief Operating Officer and Chief Financial Officer
or
Addo Communications, Inc.
Lasse Glassen, 310-829-5400
lasseg@addocommunications.com
or
Media Contact:
Owen Blicksilver P.R., Inc.
Caroline Luz, 203-656-2829
caroline@blicksilverpr.com