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) Real Estate Debt and (2) Golf & Other 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.
Dividends reflect the Company’s 3-for-1 reverse common stock split that was effected on August 18, 2014 and the Company’s 2-for-1 reverse common stock split that was effected on October 22, 2014. 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 seek to 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, and dynamically managing our investment portfolio to enhance returns.
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 $66.0 billion of assets under management as of September 30, 2014.