New Residential Declares a Third Quarter Dividend of $0.175 per Common Share
New Residential Investment Corp. (the “Company”; NYSE:NRZ) announced today that its Board of Directors declared a quarterly dividend of $0.175 per common share for the third quarter of 2014. The dividend is payable on October 31, 2014 to shareholders of record on September 29, 2014.
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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