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
 
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