Home Loan Servicing Solutions, Ltd. Posts 2012 Passive Foreign Investment Company ("PFIC") Annual Information Statement to Webs
February 28 2013 - 4:02PM
Home Loan Servicing Solutions, Ltd. ("HLSS") (Nasdaq:HLSS)
announced today that it has posted its 2012 PFIC Annual Information
Statement to its website.
HLSS is considered a passive foreign investment
company (a "PFIC") for U.S. Federal income tax purposes through
2012 and expects to be treated as a PFIC for the foreseeable
future. U.S. shareholders are advised to consult with their tax
advisors with respect to the 2012 PFIC Annual Information
Statement.
To access the HLSS 2012 PFIC Annual Information
Statement, select the "Tax Information (PFIC)" link on the home
page of the HLSS website at www.hlss.com.
For more information on prior releases and SEC Filings, please
refer to the "Shareholders" section of our website at
www.hlss.com.
Home Loan Servicing Solutions, Ltd. is an internally-managed
owner of non-agency mortgage servicing assets with historically
stable valuations and cash flows. HLSS' assets are predominately
mortgage servicing advances that, along with the related servicing
rights, are over-collateralized 22 times by residential real
estate. HLSS' objective is to generate stable, recurring fee-based
earnings and dividends throughout the economic cycle. For more
information, visit www.hlss.com.
This news release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements are not guarantees
of future performance, and involve a number of assumptions, risks
and uncertainties that could cause actual results to differ
materially. Important factors that could cause actual results to
differ materially from those suggested by the forward-looking
statements include, but are not limited to, the following: general
economic and market conditions, prevailing interest rates,
governmental regulations and policies, availability of
adequate and timely sources of liquidity, our ability to maintain
our PFIC status, real estate market conditions and other risks
detailed in HLSS' reports and filings with the Securities and
Exchange Commission. The forward looking statements speak only as
of the date they are made and should not be relied upon. HLSS'
undertakes no obligation to update or revise the forward-looking
statements.
CONTACT: James E. Lauter
Senior Vice President &
Chief Financial Officer
T: (561) 682-7561
E: James.Lauter@hlss.com
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