Company Website:
http://www.newcastleinv.com
NEW YORK -- (Business Wire)
Newcastle Investment Corp. (NYSE:NCT, “Newcastle”) today announced the
tax treatment of its 2014 common and preferred stock distribution
payments.
Common Stock Dividends
During 2014, Newcastle’s common stock was listed under three CUSIPs:
-
CUSIP #65105M108 through the effective date on August 18, 2014 of
Newcastle’s 3-for-1 reverse stock split of its common stock
-
CUSIP #65105M504 from August 19, 2014 through the effective date on
October 22, 2014 of Newcastle’s 2-for-1 reverse stock split of its
common stock
-
CUSIP #65105M603 as of October 23, 2014
The following tables summarize the tax treatment for the 2014 common
stock dividend payments.
2014 Actual Common Stock Dividend Distributions
The information provided below for the dividends paid on the common
stock for the fourth quarter 2013 to second quarter 2014 has not been
adjusted for Newcastle’s 3-for-1 reverse stock split in August 2014 and
2-for-1 reverse stock split in October 2014. The dividend paid on the
common stock for the third quarter 2014 has not been adjusted for
Newcastle’s 2-for-1 reverse stock split in October 2014.
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CUSIP | |
| Record Date |
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| Pay Date |
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| Distribution |
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| Form |
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| Ordinary Dividend |
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| Qualified Dividend(1) |
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| Long-Term Capital Gain |
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| Return of Capital |
#65105M108 | | | | | | | | | | | | | | | | | | | | | | | | |
4Q13(2) | | |
12/30/13
| | |
01/31/14
| | |
0.100000
| | |
Cash
| | |
0.032637
| | |
0.000305
| | |
0.007569
| | |
0.059794
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NEWM(3) | | |
02/06/14
| | |
02/13/14
| | |
0.890000
| | |
Stock
| | |
0.290468
| | |
0.002710
| | |
0.067368
| | |
0.532164
|
1Q14
| | |
03/25/14
| | |
04/30/14
| | |
0.100000
| | |
Cash
| | |
0.032637
| | |
0.000305
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0.007569
| | |
0.059794
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2Q14
| | |
06/24/14
| | |
07/31/14
| | |
0.100000
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Cash
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0.032637
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0.000305
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0.007569
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0.059794
|
#65105M504 | | | | | | | | | | | | | | | | | | | | | | | | |
3Q14
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09/29/14
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10/31/14
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0.300000
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Cash
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0.097910
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0.000913
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0.022708
| | |
0.179382
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#65105M603 | | | | | | | | | | | | | | | | | | | | | | | | |
SNR(4) | |
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10/27/14
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11/06/14
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18.020000
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Stock
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5.881151
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0.054871
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1.364006
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10.774843
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(1) |
| Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. |
(2) | | The entire 4Q13 common stock distribution payment is being
treated as received by stockholders in 2014. |
(3) | | Represents the February 13, 2014 common stock distribution of
New Media Investment Group Inc.’s common shares. |
(4) | | Represents the November 6, 2014 common stock distribution of
New Senior Investment Group Inc.’s common shares. |
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2014 Split-Adjusted Common Stock Dividend
Distributions
The information provided below for the dividends paid on the common
stock for the fourth quarter 2013 to second quarter 2014 has been
adjusted for Newcastle’s 3-for-1 reverse stock split in August 2014 and
2-for-1 reverse stock split in October 2014. The dividend paid on the
common stock for the third quarter 2014 has been adjusted for
Newcastle’s 2-for-1 reverse stock split in October 2014.
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| Record Date |
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| Pay Date |
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| Distribution |
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| Form |
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| Ordinary Dividend |
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| Qualified Dividend(1) |
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| Long-Term Capital Gain |
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| Return of Capital |
4Q13(2) | | |
12/30/13
| | |
01/31/14
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0.600000
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Cash
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0.195822
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0.001830
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0.045414
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0.358764
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NEWM(3) | | |
02/06/14
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02/13/14
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5.340000
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Stock
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1.742808
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0.016260
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0.404208
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3.192984
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1Q14
| | |
03/25/14
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04/30/14
| | |
0.600000
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Cash
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0.195822
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0.001830
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0.045414
| | |
0.358764
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2Q14
| | |
06/24/14
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07/31/14
| | |
0.600000
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Cash
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0.195822
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0.001830
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0.045414
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0.358764
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3Q14
| | |
09/29/14
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10/31/14
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0.600000
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Cash
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0.195822
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0.001830
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0.045414
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0.358764
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SNR(4) | | |
10/27/14
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11/06/14
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18.020000
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Stock
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5.881151
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0.054871
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1.364006
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10.774843
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Total
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25.760000
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Cash / Stock
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8.407247
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0.078451
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1.949870
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15.402883
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(1) |
| Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. |
(2) | | The entire 4Q13 common stock distribution payment is being
treated as received by stockholders in 2014. |
(3) | | Represents the February 13, 2014 common stock distribution of
New Media Investment Group Inc.’s common shares. |
(4) | | Represents the November 6, 2014 common stock distribution of
New Senior Investment Group Inc.’s common shares. |
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Series B Preferred Stock Dividends
During 2014, taxable dividends for Newcastle's Series B preferred stock
(CUSIP# 65105M207) were $2.437500 per share. The following table
summarizes the tax treatment for the 2014 Series B preferred stock
distribution payments.
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| Record Date |
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| Pay Date |
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| Cash Distribution |
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| Ordinary Dividend |
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| Qualified Dividend(1) |
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| Long-Term Capital Gain |
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| Return of Capital | |
4Q13(2) | |
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12/30/13
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01/31/14
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0.609375
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0.563249
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0.001856
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0.046126
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0.000000
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1Q14
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03/25/14
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04/30/14
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0.609375
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0.563249
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0.001856
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0.046126
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0.000000
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2Q14
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06/24/14
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07/31/14
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0.609375
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0.563249
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0.001856
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0.046126
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0.000000
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3Q14
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09/29/14
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10/31/14
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0.609375
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0.563249
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0.001856
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0.046126
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0.000000
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Total
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2.437500
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2.252996
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0.007424
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0.184504
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0.000000
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(1) |
| Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. |
(2) | | The entire 4Q13 Series B preferred stock distribution payment
is being treated as received by stockholders in 2014. |
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Series C Preferred Stock Dividends
During 2014, taxable dividends for Newcastle's Series C preferred stock
(CUSIP# 65105M306) were $2.012500 per share. The following table
summarizes the tax treatment for the 2014 Series C preferred stock
distribution payments.
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| Record Date |
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| Pay Date |
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| Cash Distribution |
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| Ordinary Dividend
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| Qualified Dividend(1) |
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| Long-Term Capital Gain |
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| Return Capital |
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4Q13(2) | | |
12/30/13
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01/31/14
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0.503125
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0.465041
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0.001532
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0.038084
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0.000000
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1Q14
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03/25/14
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04/30/14
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0.503125
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0.465041
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0.001532
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0.038084
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0.000000
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2Q14
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06/24/14
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07/31/14
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0.503125
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0.465041
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0.001532
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0.038084
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0.000000
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4Q14
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09/29/14
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10/31/14
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0.503125
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0.465041
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0.001532
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0.038084
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0.000000
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Total
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2.012500
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1.860164
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0.006128
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0.152336
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0.000000
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(1) |
| Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. |
(2) | | The entire 4Q13 Series C preferred stock distribution payment
is being treated as received by stockholders in 2014. |
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Series D Preferred Stock Dividends
During 2014, taxable dividends for Newcastle's Series D preferred stock
(CUSIP# 65105M405) were $2.093752 per share. The following table
summarizes the tax treatment for the 2014 Series D preferred stock
distribution payments.
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| Record Date |
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| Pay Date |
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| Cash Distribution |
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| Ordinary Dividend |
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| Qualified Dividend(1)
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| Long-Term Capital Gain |
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| Return of Capital |
|
4Q13(2) | | |
12/30/13
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01/31/14
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0.523438
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0.483817
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0.001594
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0.039621
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0.000000
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1Q14
| | |
03/25/14
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04/30/14
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0.523438
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0.483817
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0.001594
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0.039621
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0.000000
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2Q14
| | |
06/24/14
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07/31/14
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0.523438
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0.483817
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0.001594
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0.039621
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0.000000
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3Q14
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09/29/14
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10/31/14
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0.523438
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0.483817
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0.001594
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0.039621
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0.000000
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Total
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2.093752
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1.935268
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0.006376
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0.158484
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0.000000
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(1) |
| Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. |
(2) | | The entire 4Q13 Series D preferred stock distribution payment
is being treated as received by stockholders in 2014. |
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THE FOLLOWING INFORMATION APPLIES TO (1) TAX-EXEMPT STOCKHOLDERS, (2)
NON-U.S. STOCKHOLDERS, AND (3) U.S. STOCKHOLDERS WITH NET OPERATING
LOSSES:
Of the amounts indicated above as taxable for 2014, 0.4942% may be
classified as “excess inclusion income.” Excess inclusion income is
treated as unrelated business taxable income for tax-exempt
stockholders, and is generally subject to a 30% U.S. Federal withholding
tax (without reduction under any otherwise applicable tax treaty) for
non-U.S. stockholders. U.S. stockholders may not use net operating
losses to offset excess inclusion income. Please consult your tax
advisor regarding the proper tax treatment of excess inclusion income.
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.
ABOUT NEWCASTLE
Newcastle focuses on investing in, and actively managing, real estate
related assets. Newcastle conducts its operations to qualify as a REIT
for federal income tax purposes. Newcastle is managed by an affiliate of
Fortress Investment Group LLC, a global investment management firm.
Contacts:
Newcastle Investment Corp.
Investor Relations, 212-479-3195
Source: Newcastle Investment Corp.
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