New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
07:53 EDTFIG, NCTNewcastle Investment announces plan to spin-off of residential assets
Newcastle (NCT) announced that its Board of Directors has unanimously approved a plan to spin off all of its Excess MSRs and certain other residential assets. Newcastle intends to effect the spin-off in the first quarter of 2013 by distributing shares of its subsidiary, New Residential Investment Corp. New Residential will be a publicly traded real estate investment trust, or REIT, that primarily targets opportunistic investments in Excess MSRs, RMBS, servicing advances, non-performing loans and other real estate related investments. New Residential will be externally managed by an affiliate of Fortress Investment Group (FIG) pursuant to a new management agreement with terms that are substantially similar to the terms of Newcastle’s management agreement. New Residential has filed a registration statement with the U.S. Securities and Exchange Commission with respect to the planned spin-off. The spin-off is subject to certain conditions, such as the SEC declaring effective New Residential’s registration statement, the filing and approval of an application to list New Residential’s common stock on the NYSE and the formal declaration of the distribution by the Board of Directors.
News For NCT;FIG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
17:20 EDTFIGNew Senior names Justine A. Cheng as CFO
The Board of Directors of New Senior Investment Group (SNR) has appointed Justine A. Cheng as CFO and Treasurer effective as of December 19. New Senior was spun off from Newcastle Investment Corp. as an independent publicly traded company in November and is managed by Newcastle’s manager, FIG, which is an affiliate of Fortress Investment Group (FIG). Cheng has been actively involved with New Senior as CFO and Treasurer of Newcastle.
08:34 EDTFIGFortress potential into 2015 accelerating, says JMP Securities
Subscribe for More Information
December 18, 2014
18:03 EDTFIGFortress looks to sell TRAC Intermodal, Reuters says
Subscribe for More Information
17:50 EDTFIGFortress looks to sell TRAC Intermodal, Reuters says
December 15, 2014
09:08 EDTFIGMicroFinancial agrees to be acquired by funds managed by Fortress
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use