New Residential Announces Secondary Offering of Common Stock
June 21 2018 - 5:14PM
Business Wire
New Residential Investment Corp. (NYSE: NRZ; “New Residential”
or the “Company”) announced today, pursuant to an exercise of
options by FIG LLC and one or more affiliates and employees of FIG
LLC (collectively, the “Selling Stockholders”), the commencement of
an underwritten public offering of 3,694,228 shares of its common
stock issued, subject to market conditions. The Company will not
receive any proceeds from the sale of the shares by the Selling
Stockholders.
Citigroup Global Markets Inc. is acting as the sole underwriter
for the offering. The underwriter may offer the shares from time to
time for sale in one or more transactions on the New York Stock
Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time
of sale, at prices related to prevailing market prices or at
negotiated prices.
The offering will be made pursuant to the Company’s effective
shelf registration statement filed with the Securities and Exchange
Commission (the “SEC”). The offering will be made only by means of
a prospectus and a related prospectus supplement. Prospective
investors should read the prospectus supplement and the prospectus
in that registration statement and other documents the Company has
filed or will file with the SEC for more complete information about
the Company and the offering. You may obtain these documents for
free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, the prospectus supplement and accompanying base
prospectus may be obtained by contacting Citigroup Global Markets
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by calling 1-800-831-9146.
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 NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and
actively managing, investments related to residential real estate.
The Company primarily targets investments in mortgage servicing
related assets and other related opportunistic investments. New
Residential is organized and 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.
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 Selling Stockholders’
intention to consummate the offering. 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.
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” in the prospectus supplement and the
prospectus related to the offering and in the Company’s Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, as well as
the sections entitled “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” incorporated by
reference in the prospectus supplement related to the offering from
the Company’s Annual Report on Form 10-K and Quarterly Report on
Form 10-Q. 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.
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New Residential Investment Corp.Investor Relations,
212-479-3150
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