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Press release from Business Wire

Newcastle Elects to Retain Capital

Wednesday, June 30, 2010

Newcastle Elects to Retain Capital16:15 EDT Wednesday, June 30, 2010 NEW YORK (Business Wire) -- Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of Directors has elected not to pay a common stock or preferred stock dividend for the second quarter of 2010. The Company decided to retain capital for liquidity, investment and working capital purposes. About Newcastle Newcastle Investment Corp. invests in real estate debt and other real estate related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. For more information regarding Newcastle Investment Corp. or to be added to our e-mail distribution list, please visit www.newcastleinv.com.