Newcastle Announces Tax Treatment of 2013 Dividends

  Newcastle Announces Tax Treatment of 2013 Dividends  Business Wire  NEW YORK -- January 31, 2014  Newcastle Investment Corp. (NYSE:NCT, “Newcastle”) today announced the tax treatment of its 2013 common and preferred stock distribution payments.  Common Stock Dividends  During 2013, taxable dividends for Newcastle's common stock (CUSIP# 65105M108) were $2.502696 per share. The entire fourth quarter 2013 common stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 common stock distribution payments.                                                                                                        Record       Pay                                     Taxable                    Long-Term     Return                                                                                                           of             Date       Date       Distribution   Form    As         Qualified   Capital     Capital                                                                  Ordinary                   Gain 1Q13        03/25/13     04/30/13     0.220000         Cash      0.074606     0.000000      0.000000      0.145394 NRZ^(1)     05/06/13     05/15/13     6.890000         Stock     2.336528     0.000000      0.000000      4.553472 2Q13        06/13/13     07/31/13     0.170000         Cash      0.057650     0.000000      0.000000      0.112350 3Q13        09/26/13     10/31/13   0.100000       Cash    0.033912   0.000000    0.000000    0.066088                          Total      7.380000       Cash/   2.502696   0.000000    0.000000    4.877304                                                        Stock  (1) Represents the May 15, 2013 common stock distribution of New Residential Investment Corp.’s common shares.  Series B Preferred Stock Dividends  During 2013, taxable dividends for Newcastle's Series B preferred stock (CUSIP# 65105M207) were $1.828125 per share. The entire fourth quarter 2013 Series B preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series B preferred stock distribution payments.                                                                                          Record       Pay          Cash             Taxable                    Long-Term     Return                                                                                              of          Date       Date       Distribution   As         Qualified   Capital     Capital                                                     Ordinary                   Gain 1Q13     03/25/13     04/30/13     0.609375         0.609375     0.000000      0.000000      0.000000 2Q13     06/13/13     07/31/13     0.609375         0.609375     0.000000      0.000000      0.000000 3Q13     09/26/13     10/31/13   0.609375       0.609375   0.000000    0.000000    0.000000                       Total      1.828125       1.828125   0.000000    0.000000    0.000000                                                                                                Series C Preferred Stock Dividends  During 2013, taxable dividends for Newcastle's Series C preferred stock (CUSIP# 65105M306) were $1.509375 per share. The entire fourth quarter 2013 Series C preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series C preferred stock distribution payments.                                                                                          Record       Pay          Cash             Taxable                    Long-Term     Return                                                                                              of          Date       Date       Distribution   As         Qualified   Capital     Capital                                                     Ordinary                   Gain 1Q13     03/25/13     04/30/13     0.503125         0.503125     0.000000      0.000000      0.000000 2Q13     06/13/13     07/31/13     0.503125         0.503125     0.000000      0.000000      0.000000 3Q13     09/26/13     10/31/13   0.503125       0.503125   0.000000    0.000000    0.000000                       Total      1.509375       1.509375   0.000000    0.000000    0.000000                                                                                                Series D Preferred Stock Dividends  During 2013, taxable dividends for Newcastle's Series D preferred stock (CUSIP# 65105M405) were $1.570314 per share. The entire fourth quarter 2013 Series D preferred stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 Series D preferred stock distribution payments.                                                                                          Record       Pay          Cash             Taxable                    Long-Term     Return                                                                                              of          Date       Date       Distribution   As         Qualified   Capital     Capital                                                     Ordinary                   Gain 1Q13     03/25/13     04/30/13     0.523438         0.523438     0.000000      0.000000      0.000000 2Q13     06/13/13     07/31/13     0.523438         0.523438     0.000000      0.000000      0.000000 3Q13     09/26/13     10/31/13   0.523438       0.523438   0.000000    0.000000    0.000000                       Total      1.570314       1.570314   0.000000    0.000000    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 Newcastle.  About Newcastle  Newcastle focuses on investing in, and actively managing, real estate related assets and primarily invests in: (1) Senior Housing Assets and (2) Real Estate & Other Debt, in addition to other opportunistic investments. The Company conducts its operations to qualify as a real estate investment trust for federal income tax purposes. The Company is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm.  Contact:  Newcastle Investment Corp. Investor Relations, 212-479-3195