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ContraryDude (40.58)

NCT spins off NRZ - CAPS adjustment please!



May 17, 2013 – Comments (1) | RELATED TICKERS: NCT , NRZ

Real estate investment trust Newcastle Investment Corp. said Thursday it completed the spinoff of its New Residential Investment Corp.

New Residential Investment shares are now trading on the New York Stock Exchange under the ticker symbol "NRZ." New Residential Investment owns some of Newcastle's former residential and other assets.

Holders of Newcastle Investment common stock as of May 6 were issued one share of New Residential common stock for each share of Newcastle stock they held.

Shares of Newcastle Investment Corp. fell 5 cents, to $5.73 in midday trading. Shares of New Residential gained 41 cents, or 6.3 percent, to $6.96.

So PLEASE, oh gods of CAPS-land, adjust my start price for NCT!

1 Comments – Post Your Own

#1) On May 17, 2013 at 3:51 PM, awallejr (35.47) wrote:

I actually closed my pick on this in anticipation it won't get corrected heheh.

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