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Newcastle Announces Closing of Public Offering of Common Stock Including Exercise of Option to Purchase Additional Shares

  Newcastle Announces Closing of Public Offering of Common Stock Including
  Exercise of Option to Purchase Additional Shares

Business Wire

NEW YORK -- February 15, 2013

Newcastle Investment Corp. (NYSE: NCT) (“Newcastle” or the “Company”)
announced today that it has completed the sale of 23,000,000 shares of its
common stock, including 3,000,000 shares sold pursuant to the exercise in full
of the underwriters’ option to purchase additional shares. The gross proceeds
from the sale were approximately $241.0 million. All of the shares were
offered by the Company and were issued under the Company’s existing effective
shelf registration statement, previously filed with the Securities and
Exchange Commission.

The Company intends to use the net proceeds from the offering for general
corporate purposes, including to make a variety of investments, which may
include, but is not limited to, investments in real estate securities, real
estate related loans, consumer loans, residential loans, corporate loans,
senior living assets, excess mortgage servicing rights and operating real
estate.

Credit Suisse Securities (USA) LLC and BofA Merrill Lynch served as the joint
book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy shares of common stock, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.

ABOUT NEWCASTLE

Newcastle focuses on opportunistically investing in, and actively managing,
real estate related assets. The Company primarily invests in two distinct
areas: (1) Residential Servicing and Securities and (2) Commercial Real Estate
Debt and Other Assets. The Company is organized and conducts its operations to
qualify as a real estate investment trust (REIT) for federal income tax
purposes. The Company is managed by an affiliate of Fortress Investment Group
LLC, a global investment management firm.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, including, but not limited to, statements relating to the offering
and intended use of proceeds. These statements are based on management’s
current expectations and beliefs and are subject to a number of trends and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements, many of which are beyond our
control. The Company can give no assurance that its expectations will be
attained. Factors that could cause actual results to differ materially from
the Company’s expectations include, but are not limited to, the risk that
market conditions cause downgrades of a significant number of our securities
or the recording of additional impairment charges or reductions in
shareholders’ equity; the risk that we can find additional suitably priced
investments; the risk that investments made or committed to be made cannot be
financed on the basis and for the term at which we expect; the relationship
between yields on assets which are paid off and yields on assets in which such
monies can be reinvested; actual recapture rates with respect to any excess
mortgage servicing rights investment; and the relative spreads between the
yield on the assets we invest in and the cost and availability of debt and
equity financing. Accordingly, you should not place undue reliance on any
forward-looking statements contained in this press release. For a discussion
of some of the risks and important factors that could affect such
forward-looking statements, see the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operation” in the Company’s Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and
Exchange Commission. In addition, new risks and uncertainties emerge from time
to time, and it is not possible for the Company to predict or assess the
impact of every factor that may cause its actual results to differ from those
contained in any forward-looking statements. Such forward-looking statements
speak only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Company’s expectations with regard thereto or change in events, conditions or
circumstances on which any statement is based.

Contact:

Newcastle Investment Corp.
Investor Relations
212-479-3195
 
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