Newcastle Announces Amended Treatment of 2010 Preferred Stock Dividends

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NEW YORK--(BUSINESS WIRE)-- Newcastle Investment Corp. (NYSE: NCT) announced today amended tax treatment of its 2010 preferred stock dividend payments.

Series B Preferred Stock Dividends

During 2010, return of capital distributions 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. 



Declaration  Record    Pay       Cash          Taxable              Long-Term  Return
                                                                               of

Date         Date      Date      Distribution  As        Qualified  Capital    Capital
                                               Ordinary             Gain

02/22/10     03/12/10  03/25/10  3.420000      0.000000  0.000000   0.000000   3.420000

03/31/10     04/09/10  04/30/10  0.236979      0.000000  0.000000   0.000000   0.236979

                       Totals    3.656979      0.000000  0.000000   0.000000   3.656979

Series C Preferred Stock Dividends

During 2010, return of capital distributions 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. 



Declaration  Record    Pay       Cash          Taxable              Long-Term  Return
                                                                               of

Date         Date      Date      Distribution  As        Qualified  Capital    Capital
                                               Ordinary             Gain

02/22/10     03/12/10  03/25/10  2.820000      0.000000  0.000000   0.000000   2.820000

03/31/10     04/09/10  04/30/10  0.195660      0.000000  0.000000   0.000000   0.195660

                       Totals    3.015660      0.000000  0.000000   0.000000   3.015660

Series D Preferred Stock Dividends

During 2010, return of capital distributions 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. 



Declaration  Record    Pay       Cash          Taxable              Long-Term  Return
                                                                               of

Date         Date      Date      Distribution  As        Qualified  Capital    Capital
                                               Ordinary             Gain

02/22/10     03/12/10  03/25/10  2.940000      0.000000  0.000000   0.000000   2.940000

03/31/10     04/09/10  04/30/10  0.203559      0.000000  0.000000   0.000000   0.203559

                       Totals    3.143559      0.000000  0.000000   0.000000   3.143559

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. 


    Source: Newcastle Investment Corp.

Released March 21, 2011