NEW YORK, Jan. 15 /PRNewswire-FirstCall/ -- Capital Trust, Inc. (NYSE: CT) announced today the tax treatment of its 2008 common stock dividends.

During 2008, total dividends on Capital Trust's class A common stock were $2.20 per share. The following table summarizes the payments:

    Declaration    Record       Payment      Dividend
        Date         Date         Date         Type
        ----         ----         ----         ----
      3/4/2008   3/31/2008     4/15/2008      Regular
     6/16/2008   6/30/2008     7/16/2008      Regular
     9/15/2008   9/30/2008    10/15/2008      Regular


    Declaration    Cash        Ordinary     Qualified      Return of
        Date    Distribution   Dividends    Dividends       Capital
        ----    ------------   ---------    ---------       -------
      3/4/2008      $0.80      $0.101216    $0.004683      $0.694101
     6/16/2008      $0.80      $0.101216    $0.004683      $0.694101
     9/15/2008      $0.60      $0.075912    $0.003513      $0.520575

                    $2.20      $0.278344    $0.012879      $1.908777
                    =====      =========    =========      =========

Forward-Looking Statements

The forward-looking statements contained in this news release are subject to certain risks and uncertainties including, but not limited to, new origination volume, the continued credit performance of the Company's loan and CMBS investments, the asset/liability mix, the effectiveness of the Company's hedging strategy and the rate of repayment of the Company's portfolio assets, as well as other risks indicated from time to time in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

About Capital Trust

Capital Trust, Inc. is a finance and investment management company that specializes in credit-sensitive structured financial products. To date, the Company's investment activities have focused primarily on the real estate subordinate debt markets. Capital Trust executes its business both on balance sheet and through a series of third party investment management vehicles. The Company is organized as a real estate investment trust and is traded on the New York Stock Exchange under the symbol "CT." The Company is headquartered in New York City.

SOURCE Capital Trust, Inc.