Eurocastle Announces New NPL Transaction and Reschedules Third Quarter 2017 Earnings Call
November 20 2017 - 2:00AM
Guernsey. 20 November 2017 - Eurocastle Investment
Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company")
today announces that it has committed €12.2 million to acquire a
shared interest, alongside affiliates of Fortress Investment Group
LLC, in a portfolio of Italian non-performing loans with a gross
book value of approximately €293 million. The loans are
approximately 83% secured mainly by residential real estate. The
transaction is expected to fund by end of November 2017.
In addition, the Company announces
that it is rescheduling the release of its financial results for
the quarter ended 30 September 2017 to Wednesday, 29 November, 2017
before the market opens. In addition, management will host an
earnings conference call at 2:00 p.m. London time (9:00 a.m. New
York time) later that day. All interested parties are welcome to
participate on the live call. You can access the conference call by
dialing first +1-800-215-5243 (from within the U.S.) or +1-330-863-
8154 (from outside of the U.S.) ten minutes prior to the scheduled
start of the call; please reference "Eurocastle Third Quarter 2017
Earnings Call" or conference ID number "4446821".
A webcast of the conference call will be available
to the public on a listen-only basis at www.eurocastleinv.com.
Please allow extra time prior to the call to visit the site and
download the necessary software required to listen to the internet
broadcast. A replay of the webcast will be available for three
months following the call. For those who are not available to
listen to the live call, a replay will be available until 11:59
p.m. New York time on Friday, 5 January 2017 by dialing
+1-855-859-2056 (from within the U.S.) or +1-404-537-3406 (from
outside of the U.S.); please reference access code "4446821".
About Eurocastle
Eurocastle Investment Limited is a
publicly traded closed-ended investment company that focuses on
investing in performing and non-performing loans and other real
estate related assets primarily in Italy. The Company is Euro
denominated and is listed on Euronext Amsterdam under the symbol
"ECT". Eurocastle is managed by an affiliate of Fortress Investment
Group LLC, a leading global investment manager. For more
information regarding Eurocastle Investment Limited and to be added
to our email distribution list, please visit
www.eurocastleinv.com.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Eurocastle Investment Limited via
Globenewswire
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