Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450
Eurocastle Announces a €7.4 million Investment in a Non-Performing Loans Portfolio
Guernsey. 30 June 2014 - As previously indicated in its first quarter 2014 earnings supplement, Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company"), announces that the Company has invested €7.4 million to acquire a shared interest in a portfolio of non-performing loans from Banca Monte dei Paschi di Siena.
Affiliates of Fortress Investment Group LLC have invested alongside Eurocastle by acquiring the remaining interests in the portfolio. Italfondiario, the largest non-bank servicer in Italy, will be the servicer of the loans. Italfondiario currently services over 375,000 loans with over €36 billion GBV.
About Eurocastle
Eurocastle Investment Limited is a closed-ended investment company that owns Italian loans and real estate related assets, German commercial real estate and European real estate securities and loans. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol "ECT". Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eurocastle Investment Limited via Globenewswire
HUG#1807831