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New Residential Announces Tax Treatment Of 2013 Dividends

Stocks in this article: NRZ

New Residential Investment Corp. (NYSE:NRZ, “New Residential”) today announced the tax treatment of its 2013 common stock dividend payments.

Common Stock Dividends

During 2013, taxable dividends for New Residential's common stock (CUSIP# 64828T102) were $0.495000 per share. The entire fourth quarter 2013 common stock dividend was treated as having been received by shareholders and taxable for 2013. The following table summarizes the tax treatment for the 2013 common stock dividend payments.

               
Record Pay Taxable Long-Term Return of
Date   Date   Distribution   Form   As Ordinary   Qualified   Capital Gain   Capital
2Q13 06/13/13 07/31/13 0.070000 Cash 0.063009 0.000000 0.006991 0.000000
3Q13 09/27/13 10/31/13 0.175000 Cash 0.157521 0.000000 0.017479 0.000000
4Q13 12/30/13 01/31/14   0.250000   Cash   0.225031   0.000000   0.024969   0.000000
Totals   0.495000   Cash   0.445561   0.000000   0.049439   0.000000
 

The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their shares of New Residential.

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: (1) mortgage servicing related assets, (2) residential mortgage backed securities (“RMBS”), (3) residential mortgage loans and (4) other related 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, a global investment management firm.

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