Newcastle Announces Completion of Spin-off of New Senior
November 07 2014 - 7:00AM
Business Wire
Newcastle Investment Corp. (NYSE:NCT; “Newcastle”, the
“Company”) today announced that the spin-off of New Senior
Investment Group Inc. (“New Senior”) was successfully completed on
November 6, 2014. Starting on November 7, 2014, New Senior will
begin trading on the New York Stock Exchange under the symbol
“SNR.”
Holders of Newcastle common stock as of the record date, October
27, 2014, have been electronically issued one share of New Senior
common stock for each share of Newcastle common stock held as of
the record date.
ABOUT NEWCASTLE
Newcastle focuses on investing in, and actively managing, real
estate related assets. Newcastle conducts its operations to qualify
as a REIT for federal income tax purposes. Newcastle is managed by
an affiliate of Fortress Investment Group LLC, a global investment
management firm.
FORWARD-LOOKING STATEMENTS
Certain items in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, such as statements
regarding the commencement of trading. These statements are based
on management's current expectations and beliefs and are subject to
a number of trends and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements, many of which are beyond our control.
The Company can give no assurance that its expectations will be
attained. Accordingly, you should not place undue reliance on any
forward-looking statements contained in this press release. For a
discussion of some of the risks and important factors that could
cause actual results to differ from such forward-looking
statements, see the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in the Company’s most recent Annual Report
on Form 10-K and Quarterly Report on Form 10-Q. Furthermore, new
risks and uncertainties emerge from time to time, and it is not
possible for the Company to predict or assess the impact of every
factor that may cause its actual results to differ from those
contained in any forward-looking statements. Such forward-looking
statements speak only as of the date of this press release. The
Company expressly disclaims any obligation to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
regard thereto or change in events, conditions or circumstances on
which any statement is based.
Newcastle Investment Corp.Investor Relations212-479-3195
New Senior Investment (NYSE:SNR)
Historical Stock Chart
From Aug 2024 to Sep 2024
New Senior Investment (NYSE:SNR)
Historical Stock Chart
From Sep 2023 to Sep 2024