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Newcastle Announces Tax Treatment Of 2013 Dividends

Stocks in this article: NCT

Newcastle Investment Corp. (NYSE:NCT, “Newcastle”) today announced the tax treatment of its 2013 common and preferred stock distribution payments.

Common Stock Dividends

During 2013, taxable dividends for Newcastle's common stock (CUSIP# 65105M108) were $2.502696 per share. The entire fourth quarter 2013 common stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 common stock distribution payments.

                               
Record Pay Taxable Long-Term Return of
Date     Date     Distribution     Form     As Ordinary     Qualified     Capital Gain     Capital
1Q13 03/25/13 04/30/13 0.220000 Cash 0.074606 0.000000 0.000000 0.145394
NRZ (1) 05/06/13 05/15/13 6.890000 Stock 2.336528 0.000000 0.000000 4.553472
2Q13 06/13/13 07/31/13 0.170000 Cash 0.057650 0.000000 0.000000 0.112350
3Q13 09/26/13 10/31/13     0.100000     Cash     0.033912     0.000000     0.000000     0.066088
Total     7.380000     Cash/ Stock     2.502696     0.000000     0.000000     4.877304

(1) Represents the May 15, 2013 common stock distribution of New Residential Investment Corp.’s common shares.

Series B Preferred Stock Dividends

During 2013, taxable dividends for Newcastle's Series B preferred stock (CUSIP# 65105M207) were $1.828125 per share. The entire fourth quarter 2013 Series B preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series B preferred stock distribution payments.

                           
Record Pay Cash Taxable Long-Term Return of
Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital
1Q13 03/25/13 04/30/13 0.609375 0.609375 0.000000 0.000000 0.000000
2Q13 06/13/13 07/31/13 0.609375 0.609375 0.000000 0.000000 0.000000
3Q13 09/26/13 10/31/13     0.609375     0.609375     0.000000     0.000000     0.000000
Total     1.828125     1.828125    

0.000000

    0.000000     0.000000
 

Series C Preferred Stock Dividends

During 2013, taxable dividends for Newcastle's Series C preferred stock (CUSIP# 65105M306) were $1.509375 per share. The entire fourth quarter 2013 Series C preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series C preferred stock distribution payments.

                           
Record Pay Cash Taxable Long-Term Return of
Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital
1Q13 03/25/13 04/30/13 0.503125 0.503125 0.000000 0.000000 0.000000
2Q13 06/13/13 07/31/13 0.503125 0.503125 0.000000 0.000000 0.000000
3Q13 09/26/13 10/31/13     0.503125     0.503125     0.000000     0.000000     0.000000
Total     1.509375     1.509375     0.000000     0.000000     0.000000
 

Series D Preferred Stock Dividends

During 2013, taxable dividends for Newcastle's Series D preferred stock (CUSIP# 65105M405) were $1.570314 per share. The entire fourth quarter 2013 Series D preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series D preferred stock distribution payments.

                           
Record Pay Cash Taxable Long-Term Return of
Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital
1Q13 03/25/13 04/30/13 0.523438 0.523438 0.000000 0.000000 0.000000
2Q13 06/13/13 07/31/13 0.523438 0.523438 0.000000 0.000000 0.000000
3Q13 09/26/13 10/31/13     0.523438     0.523438     0.000000     0.000000     0.000000
Total     1.570314     1.570314     0.000000     0.000000     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 Newcastle.

About Newcastle

Newcastle focuses on investing in, and actively managing, real estate related assets and primarily invests in: (1) Senior Housing Assets and (2) Real Estate & Other Debt, in addition to other opportunistic investments. The Company conducts its operations to qualify as a real estate investment trust 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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