Newcastle Investment Corp. (NYSE: NCT) is a real estate investment trust that 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.
Any dividend declarations are at the sole discretion of the Board of Directors and there can be no assurance that the amount of any future dividends will be increased beyond any previously paid amount or at all. Please reference Historical Dividend Information under Investor Relations.
The 2Q2013 dividend includes forty-five days of earnings generated by assets that were subsequently spun-off to form New Residential Investment Corp. on May 15, 2013. The other forty-five days of earnings generated by the assets that were subsequently spun-off to form New Residential were used to pay New Residential's dividend.
Our objective is to leverage our longstanding investment expertise to drive attractive risk adjusted returns that will help deliver strong and growing dividends to our shareholders. We target stable long term cash flows and employ conservative capital structures to generate returns throughout different interest rate environments. We take an active approach centered around identifying and executing on opportunities, responding to the changing market environment, dynamically managing our investment portfolio to enhance returns and strategically exiting investments to harvest gains.
We are externally managed and advised by an affiliate of Fortress Investment Group LLC and benefit from the resources of a highly diversified global alternative investment manager with $62.5 billion of assets under management as of March 31, 2014.