New Residential Investment Corp. (“New Residential” or the “Company”;
NYSE:NRZ) is pleased to announce today that its Board of Directors
approved an 18 percent increase in the regular quarterly cash dividend,
from $0.38 per common share in the first quarter of 2015 to $0.45 per
common share for the second quarter of 2015. The increased dividend is
payable on July 24, 2015 to shareholders of record on May 26, 2015. In
future quarters, New Residential expects to return to its past practice
of announcing any dividend declaration shortly prior to the end of the
quarter with respect to which the dividend relates.
“Looking ahead, we remain confident in our ability to generate
consistently strong returns for our shareholders and to excel as one of
the leading capital providers in the mortgage business.” said New
Residential Chief Executive Officer Michael Nierenberg.
ABOUT NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and actively
managing, investments related to residential real estate. The Company
primarily targets investments in mortgage servicing related assets and
other related opportunistic investments. New Residential is organized
and conducts its operations to qualify as a real estate investment trust
(“REIT”) for federal income tax purposes. The Company is managed by an
affiliate of Fortress Investment Group LLC (NYSE: FIG), a global
investment management firm.
FORWARD-LOOKING STATEMENTS
Certain statements 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 expected timing of
any future dividends, and the ability to generate consistently strong
returns and to excel as a leading capital provider in the mortgage
business. 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 the Company’s 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 affect such forward-looking statements, see the sections
entitled “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” incorporated by reference
in the Company’s Annual Reports on Form 10-K and Quarterly Reports on
Form 10-Q, which are available on the Company’s website (www.newresi.com).
In addition, 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.
Copyright Business Wire 2015