Newcastle Investment Corp. (ticker: NCT, exchange: New York Stock Exchange (.N))
News Release -
Newcastle Elects to Retain Capital
NEW YORK--(BUSINESS WIRE)--Apr. 2, 2009--
Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of
Directors has elected not to pay a common stock or preferred stock
dividend in the first quarter of 2009. Consistent with its decision last
quarter, the Company decided to retain capital for liquidity and for
working capital purposes.
Newcastle Investment Corp. invests in real estate debt and other real
estate related assets. Newcastle is organized and conducts its
operations to qualify as a real estate investment trust (REIT) for
federal income tax purposes. Newcastle is managed by an affiliate of
Fortress Investment Group LLC, a global alternative asset manager with
approximately $29.5 billion in assets under management as of December
31, 2008. For more information regarding Newcastle Investment Corp. or
to be added to our e-mail distribution list, please visit www.newcastleinv.com.
Source: Newcastle Investment Corp.
Newcastle Investment Corp.
Lilly H. Donohue, 212-798-6118
of Investor Relations
Nadean Finke, 212-479-5295