Altisource Residential Corporation Announces Special Cash Dividend
2015年3月13日 - 5:54AM
Altisource Residential Corporation ("Residential" or the "Company")
(NYSE:RESI) today announced that its Board of Directors has
declared a special cash dividend of $0.08 per share of common
stock, or an aggregate of $4.3 million based on shares outstanding.
This dividend is intended to complete the distribution of 100% of
Residential's taxable income for the year ended December 31, 2014.
The Company will pay this dividend on March 30, 2015 to all
stockholders of record as of the close of business on March 23,
2015.
About Residential
Residential is focused on providing affordable rental homes to
families throughout the United States. It acquires single-family
properties primarily through the purchase of distressed mortgage
loan portfolios. Residential's strategy is to work with borrowers
to modify and refinance loans to keep them in their homes and
convert the majority of unmodified loans into renovated rental
properties. Additional information is available at
www.altisourceresi.com.
Forward Looking Statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Those forward-looking
statements include all statements that are not historical fact,
including statements about management's beliefs and expectations.
Forward-looking statements are based on management's beliefs as
well as assumptions made by and information currently available to
management. Because such statements are based on expectations as to
future economic performance and are not statements of historical
fact, actual results may differ materially from those projected.
Residential undertakes no obligation to update any forward-looking
statements whether as a result of new information, future events or
otherwise. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to:
Residential's ability to implement its business plan; Residential's
ability to leverage strategic relationships on an efficient and
cost-effective basis; its ability to compete; general economic and
market conditions; governmental regulations, taxes and policies;
availability of adequate and timely sources of liquidity and
financing and other risks and uncertainties detailed in the
"Forward-Looking Statements," "Risk Factors" and other sections of
Residential's annual reports on Form 10-K, its quarterly reports on
Form 10-Q and other filings with the Securities and Exchange
Commission.
CONTACT: Robin N. Lowe
Chief Financial Officer
T: 1-345-815-9919
E: Robin.Lowe@AltisourceAMC.com
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