Safehold Inc. (SAFE)
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AGM 2022

May 16, 2022

Operator

Hello, and Welcome to the 2022 Annual Meeting of Shareholders of Safehold Inc. Please note that today's meeting is being recorded. Following the formal business portion of the meeting, we'll have a general Q&A discussion period. You can submit questions or comments at any time by clicking on the message icon, typing it into the Ask a Question field on your screen, and clicking Submit. It is now my pleasure to turn today's meeting over to Geoff Dugan, Corporate Secretary of Safehold Inc. Mr. Dugan, the floor is yours.

Geoffrey Dugan
Corporate Secretary, Safehold Inc

Thank you, operator. Good morning, and thank you all for joining us today online for our virtual annual meeting. Before I turn things over to our Chairman and Chief Executive Officer, Jay Sugarman, I want to make some general comments. This meeting will be conducted in accordance with the meeting guidelines that are available online. Except for the company representatives conducting this meeting, all participants will be in listen-only mode. As noted, following the formal meeting, there will be Q&A. Written questions and comments may be submitted online. Any statements made during this meeting, including the Q&A session, which are not historical facts, may be forward-looking. The company's actual results may differ materially from these forward-looking statements, and the risk factors that could cause these differences are detailed in our SEC reports. The company disclaims any intent or obligation to update these forward-looking statements, except as expressly required by law.

I now turn things over to our Chairman and CEO, Jay Sugarman. Jay?

Jay Sugarman
Chairman and CEO, Safehold Inc.

Thanks, Geoff, and Good morning, ladies and gentlemen. I'd like to welcome you to our 2022 Annual Meeting of Shareholders and call the meeting to order. The other members of our board of directors that are on this call this morning are Dean Adler, Jesse Hom, Robin Josephs, Jay Nydick, and Stefan Selig, our Lead Director. In addition, members of our Senior Executive team are on the call. Marcos Alvarado, our President and Chief Investment Officer, Douglas Heitner, our Chief Legal Officer, and Brett Asnas, our Chief Financial Officer. I'll now ask Geoff, as Corporate Secretary, to conduct the formal business portion of the meeting. After the formal business is concluded, I'll make general remarks, and we will provide shareholders with an opportunity to ask questions. Geoff?

Geoffrey Dugan
Corporate Secretary, Safehold Inc

Thanks, Jay. The formal business of the meeting is outlined in our proxy statement and includes certain information and other matters as required by law. The record date for this annual meeting is March 23, 2022. The notice of this meeting, the proxy statement, and the 2021 annual report of the company, which includes our audited financial statements, were first made available on or about April 4th, 2022 to shareholders as of the record date. Our proxy statement reports the number of shares of our common stock entitled to vote at this meeting and the voting rights associated with those shares. A list of our shareholders of record on the record date has been available for inspection in accordance with applicable law. A majority of the outstanding shares of common stock constitutes a quorum.

Substantially in excess of a majority is represented at this meeting, either in person or by proxy, and therefore, I declare that a quorum is present. Mr. Chris Coleman, a representative of Computershare, our transfer agent, has been appointed Inspector of Election for today's meeting and is participating in this call. If any shareholder online today has not yet voted or wishes to change their vote, instructions for submitting votes electronically are set forth online at the internet address for the meeting. The first item of business includes the election of six directors to the company's board. In alphabetical order, the nominees are Dean Adler, Jesse Hom, Robin Josephs, Jay Nydick, Stefan Selig, and Jay Sugarman. All of these individuals are currently members of our board. The nominees who are elected today will serve one-year terms until the 2023 Annual Meeting of Shareholders.

The second item of business is the say-on-pay vote, which is an advisory vote on the compensation of our executive officers, as described in our proxy statement. This advisory say-on-pay vote is taken annually. The third item of business is the ratification of the selection of Deloitte & Touche LLP as the company's independent registered public accounting firm for the current year. The board of directors has approved the appointment of Deloitte, subject to approval by the company stockholders. Mr. Vincent Bruno, a representative of Deloitte, is participating in today's call. Your board of directors has recommended votes for each of these proposals. Unless any questions or comments have been submitted online regarding these proposals, I now declare the polls closed. The Inspector of Election has previously furnished me with a preliminary report of voting results based on the shares voted by proxy prior to the meeting.

Based on that preliminary report, a plurality of the votes cast has been voted for the election of the six nominees listed in the proxy statement. Therefore, I declare that these individuals have been elected to serve as directors of the company for one-year terms. Also, in excess of a majority of the votes cast has been voted in favor of the say-on-pay resolution and in favor of the appointment of Deloitte & Touche LLP as our independent accounting firm. Therefore, I declare that these proposals have been approved. A final report of the voting results will be available online in the next few days and will also be filed with the SEC. That concludes the formal portion of the meeting. There being no other formal business, I declare this meeting adjourned. Jay, I now turn things back to you.

Jay Sugarman
Chairman and CEO, Safehold Inc.

Thank you, Geoff. Safehold continues to build the modern ground lease industry, providing a better capital solution to building owners and a unique investment for shareholders. Now we'll open it up and take questions. Jason, can you read any appropriate questions that have been submitted?

Jason Fooks
Senior Vice President of Investor Relations, Safehold Inc

Jay, we don't have any questions at this time.

Jay Sugarman
Chairman and CEO, Safehold Inc.

Okay. There are no other questions, and I thank you for attending the meeting today. Operator, I'll now turn it back to you.

Operator

This concludes the meeting. You may now disconnect.

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