|[March 14, 2014]
Newcastle Declares Common Stock Dividend of $0.10 per Share and Preferred Stock Dividends for the First Quarter
NEW YORK --(Business Wire)--
Newcastle Investment Corp. (the "Company"; NYSE:NCT) announced today
that its Board of Directors has declared a quarterly dividend of $0.10
per share of common stock for the first quarter of 2014. The dividend is
payable on April 30, 2014 to shareholders of record on March 25, 2014.
The Board of Directors also declared dividends on the Company's
preferred stock for the period beginning February 1, 2014 and ending
April 30, 2014. The dividends are payable on April 30, 2014 to
shareholders of record on March 25, 2014. The Company will pay dividends
of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B,
8.050% Series C and 8.375% Series D preferred stock, respectively.
Newcastle focuses on investing in, and actively managing, real estate
related assets and primarily invests in: (1) Senior Housing Assets and
(2) Real Estate & Other Debt, in addition to other opportunistic
investments. The Company conducts its operations to qualify as a real
estate investment trust for federal income tax purposes. The Company is
managed by an affiliate of Fortress Investment Group LLC, a global
investment management firm.
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