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New Residential Announces Tax Treatment of 2013 Dividends



  New Residential Announces Tax Treatment of 2013 Dividends

Business Wire

NEW YORK -- January 31, 2014

New Residential Investment Corp. (NYSE:NRZ, “New Residential”) today announced
the tax treatment of its 2013 common stock dividend payments.

Common Stock Dividends

During 2013, taxable dividends for New Residential's common stock (CUSIP#
64828T102) were $0.495000 per share. The entire fourth quarter 2013 common
stock dividend was treated as having been received by shareholders and taxable
for 2013. The following table summarizes the tax treatment for the 2013 common
stock dividend payments.

                                                                                     
       Record     Pay                              Taxable                Long-Term   Return
                                                                                      of
       Date       Date       Distribution   Form   As         Qualified   Capital     Capital
                                                   Ordinary               Gain
2Q13   06/13/13   07/31/13   0.070000       Cash   0.063009   0.000000    0.006991    0.000000
3Q13   09/27/13   10/31/13   0.175000       Cash   0.157521   0.000000    0.017479    0.000000
4Q13   12/30/13   01/31/14   0.250000       Cash   0.225031   0.000000    0.024969    0.000000
                  Totals     0.495000       Cash   0.445561   0.000000    0.049439    0.000000
                                                                                       

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 New Residential.

ABOUT NEW RESIDENTIAL

New Residential focuses on opportunistically investing in, and actively
managing, investments related to residential real estate. The Company
primarily targets investments in: (1) mortgage servicing related assets, (2)
residential mortgage backed securities (“RMBS”), (3) residential mortgage
loans and (4) other related investments. New Residential 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.

Contact:

New Residential Investment Corp.
Investor Relations, 212-479-3150
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