Newcastle Investment Corp. (NYSE:NCT) Offers When-Issued Trading On Its New Media


Dallas, Texas 02/12/2014 (FINANCIALSTRENDS) – Newcastle Investment Corp.(NYSE:NCT) is the New York based Real Estate Investment service provider, who also offers a range of other services. One of Newcastle Investments is its spin-off, the New Media. The company now currently offers this as when-issued trading which is priced at $11 per share. This company is already high by $14.05. The official spin-off is finalized as Feb 13, 2014. Currently, New Castle owns over 0.07219 shares of New Media stock.

The company is now also involved in active management of several portfolios. These are either based on real estate securities, excess mortgages or loans and any hybrid solutions which are based on real estate assets. The segments which this company currently offers are – the investment financed debt obligations, which include collateral. However, these are of the non-recourse type. Another segment is the investments which are not levered for investments.

These are the debts which are not consolidated through Newcastle Investment Corp.(NYSE:NCT) CDO debt. It also offers a variety of Excess MSRs, which too are not leveraged. The company is also associated with such investments as the senior living assets which are affordable and are non-recourse debt. Then another group called the non-recourse debt which also has a range of debt repurchases which are financed through recourse debt. The unlevered investments are yet corporate in nature.

Financial Overview

Newcastle Investment Corp.(NYSE:NCT) currently trades on the stock market at prices of $5.75. This is considered to be 0.52% higher. The stock prices currently trade at infra-day high of $5.80 and low of $5.68. The stock has a 52-week high of $12.49 and 52 week low of $4.70. The average volume of the stock is 4.36 million and the Market cap is -9,223,372.04 T, the dividend the company offers is 0.10 and the yield is 6.96. Beta, meanwhile is 3.10.

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