New Residential Declares Third Quarter 2019 Common and Preferred Stock Dividends
September 23 2019 - 4:15PM
Business Wire
New Residential Investment Corp. (NYSE:NRZ; “New Residential” or
the “Company”) announced today that its Board of Directors (the
“Board”) has declared third quarter 2019 common and preferred stock
dividends.
Common Stock Dividend
The Board declared a quarterly dividend of $0.50 per common
share for the third quarter 2019. The dividend is payable on
October 31, 2019 to shareholders of record on October 3, 2019.
Preferred Stock Dividends
In accordance with the terms of New Residential’s 7.50% Series A
Cumulative Redeemable Preferred Stock (“Series A”), the Board
declared a Series A dividend for the third quarter 2019 (long first
period) of $0.69270830 per share.
In accordance with the terms of New Residential’s 7.125% Series
B Cumulative Redeemable Preferred Stock (“Series B”), the Board
declared a Series B dividend for the third quarter 2019 of
$0.4453125 per share.
Dividends for the Series A and Series B are payable on November
15, 2019 to preferred shareholders of record on October 15,
2019.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to
the mortgage and financial services industry. With approximately
$37 billion in assets as of June 30, 2019, New Residential has
built a diversified, hard-to-replicate portfolio with high-quality
investment strategies that have generated returns across different
interest rate environments. New Residential’s investment portfolio
includes mortgage servicing related assets, non-agency securities
(and associated call rights), residential loans and other related
opportunistic investments. Since inception in 2013, New Residential
has a proven track record of performance, growing and protecting
the value of its assets while generating attractive risk-adjusted
returns and delivering almost $3 billion in dividends to
shareholders. Following the acquisition of Shellpoint Partners LLC
(“Shellpoint”) in 2018, New Residential also benefits from
Shellpoint’s origination and third-party servicing platform, as
well as a suite of ancillary businesses including title insurance,
appraisal management, real estate owned management and other real
estate services. New Residential is organized and conducts its
operations to qualify as a real estate investment trust (“REIT”)
for federal income tax purposes. New Residential is managed by an
affiliate of Fortress Investment Group LLC, a global investment
management firm, and headquartered in New York City.
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New Residential Investor
Relations Kaitlyn Mauritz 212-479-3150
IR@NewResi.com
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