SOURCE: Newcastle Investment Corp

September 15, 2005 12:54 ET

Newcastle Announces Common Stock Dividend of $0.625 per Share for the Third Quarter and a Preferred Stock Dividend

NEW YORK, NY -- (MARKET WIRE) -- September 15, 2005 -- Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.625 per share for the quarter ending September 30, 2005. The $0.625 per share dividend is payable on October 27, 2005 to holders of record of Newcastle's common stock on October 3, 2005.

Newcastle's Board of Directors has also declared a dividend on the Company's 9.75% Series B Cumulative Redeemable Preferred Stock. A dividend of $0.609375 per share will be paid on the preferred stock for the period beginning August 1, 2005 and ending October 31, 2005. The preferred stock dividend is payable on October 31, 2005 to holders of record on October 3, 2005.

Newcastle Investment Corp. invests in real estate securities 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. and to be added to our email distribution list, please visit www.newcastleinv.com.

Contact Information

  • Contact:
    Lilly H. Donohue
    Director of Investor Relations
    212-798-6118