Newcastle Investment Corp. (ticker: NCT, exchange: New York Stock Exchange (.N))
News Release -
Newcastle Declares Common Stock Dividend and Preferred Stock Dividend For the Third Quarter
NEW YORK, Sept. 23 /PRNewswire-FirstCall/ -- Newcastle Investment Corp.
(NYSE: NCT) announced today that its Board of Directors has declared a
quarterly cash dividend on its common stock of $0.50 per share for the quarter
ended September 30, 2003. The $0.50 per share dividend is payable on October
27, 2003 to holders of record on October 6, 2003.
Newcastle's Board of Directors has also declared a dividend on the
Company's 9.75% Series B preferred stock. A dividend of $0.609375 per share
will be paid on the Series B preferred stock for the period beginning August
1, 2003 through October 31, 2003. The dividend is payable on October 31, 2003
to holders of record on October 6, 2003.
Newcastle Investment Corp. invests in real estate securities 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. For more information on Newcastle Investment Corp. and to be added
to our email distribution list, please visit www.newcastleinv.com.
SOURCE Newcastle Investment Corp.
/CONTACT: Lilly H. Donohue, Director of Investor Relations of Newcastle
Investment Corp., +1-212-798-6118/
/Web site: http://www.newcastleinv.com /
CO: Newcastle Investment Corp.