SAFEHOLD STOCK ALERT: Shareholder Attorneys Howard T. Longman and Lynda Grant Investigate Merger of SAFE and Encourage Investors to Contact Them

Livingston, New Jersey--(Newsfile Corp. - February 16, 2023) - Longman Law, P.C. ("Longma Law") and The Grant Law Firm, PLLC ("Grant Firm", with Longman Law, the "Firms") have commenced an investigation into whether the officers and directors of Safehold, Inc. (NYSE: SAFE) breached their fiduciary duties or violated federal securities laws in connection with the company's merger with iStar Inc (NYSE: STAR).

Pursuant to the merger agreement, dated August 10, 2022, STAR and SAFE will combine through a stock-for stock merger, in which SAFE will merge with and into STAR, with STAR continuing as the surviving corporation and operating under the name "Safehold Inc." (the "Merger"). The Joint Proxy Statement/Prospectus of STAR and SAFE was filed with the SEC on January 31, 2023.

The Firms are presently investigating whether the merger of these two entities creates multiple potential conflicts of interest that serve to disproportionately benefit STAR and a separate company called SpinCo. For example, STAR already owns 41.9% of the stock of SAFE. Prior to the merger, STAR will spin-off its non-ground lease assets to a separate entity called SpinCo and also give $400.0 million of shares of the SAFE common stock owned by STAR and at least $50.0 million of cash to SpinCo.

The Firms are further investigating whether SAFE and its board of directors oversaw an unfair process that failed to achieve the best possible outcome for SAFE shareholders and failed to disclose information necessary for shareholders to adequately assess the merger.

If you own shares of SAFE and are concerned about the proposed Merger or you are interested in learning more about the investigation and your legal rights and remedies, please visit https://longman.law/safehold and fill out the contact form, or contact Howard Longman at hlongman@longmanlaw.com or 973-994-2315, or Lynda J. Grant at lgrant@grantfirm.com or 212-292-4441. There is no cost or obligation to you.

About the Firms:

Over his extensive career, Howard T. Longman has recovered hundreds of millions of dollars on behalf of shareholders and has been named a Super Lawyer. Lynda J. Grant has over 30 years of experience representing wronged shareholders and consumers and is a New York Metro SuperLawyer.

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