The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Newcastle Announces Treatment of 2010 Preferred Stock Dividends

Monday, January 31, 2011

Newcastle Announces Treatment of 2010 Preferred Stock Dividends16:30 EST Monday, January 31, 2011 NEW YORK (Business Wire) -- Newcastle Investment Corp. (NYSE: NCT) announced today the tax treatment of its 2010 preferred stock dividend payments. Series B Preferred Stock Dividends During 2010, taxable dividends for Newcastle Investment Corp.'s Series B preferred stock (CUSIP# 65105M-207) were $3.656979 per share. The following table summarizes the tax treatment for the 2010 Series B preferred stock dividend payments.                             DeclarationRecordPayCashTaxableLong-TermReturn ofDate     Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital 02/22/10 03/12/10 03/25/10 3.420000 3.420000 0.000000 0.000000 0.000000 03/31/10 04/09/10 04/30/10 0.236979     0.236979     0.000000     0.000000     0.000000 Totals 3.656979 3.656979 0.000000 0.000000 0.000000   Series C Preferred Stock Dividends During 2010, taxable dividends for Newcastle Investment Corp.'s Series C preferred stock (CUSIP# 65105M-306) were $3.015660 per share. The following table summarizes the tax treatment for the 2010 Series C preferred stock dividend payments.                             DeclarationRecordPayCashTaxableLong-TermReturn ofDate     Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital 02/22/10 03/12/10 03/25/10 2.820000 2.820000 0.000000 0.000000 0.000000 03/31/10 04/09/10 04/30/10 0.195660     0.195660     0.000000     0.000000     0.000000 Totals 3.015660 3.015660 0.000000 0.000000 0.000000   Series D Preferred Stock Dividends During 2010, taxable dividends for Newcastle Investment Corp.'s Series D preferred stock (CUSIP# 65105M-405) were $3.143559 per share. The following table summarizes the tax treatment for the 2010 Series D preferred stock dividend payments.                             DeclarationRecordPayCashTaxableLong-TermReturn ofDate     Date     Date     Distribution     As Ordinary     Qualified     Capital Gain     Capital 02/22/10 03/12/10 03/25/10 2.940000 2.940000 0.000000 0.000000 0.000000 03/31/10 04/09/10 04/30/10 0.203559     0.203559     0.000000     0.000000     0.000000 Totals 3.143559 3.143559 0.000000 0.000000 0.000000   None of the amounts indicated above as taxable for 2010 are classified as “excess inclusion income”. 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 Investment Corp.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. Newcastle is managed by an affiliate of Fortress Investment Group LLC, a global investment manager. For more information regarding Newcastle Investment Corp. or to be added to our e-mail distribution list, please visit www.newcastleinv.com. NewcastleInvestor Relations:Nadean Novogratz, 212-479-5295