Newcastle Investment Corp. (NYSE:NCT) completes New Media spin-off
Denver, CO, 02/14/2014, (Avauncer.com) - Newcastle Investment Corp. (NYSE:NCT) in its latest new release noted that it has now completed the process of creating an organic new segment of its business. The new venture is called the New Media Investment Corporation, and will debut on the New York Stock Exchange.
Residential spin-off proves successful
Newcastle Investment Corp. (NYSE:NCT) had earlier in May of 2013 begun as a spin-of the original New Residential (NRZ). The formation of the new company was back then viewed as a strategic move to capture the upside seen in the housing sector, which was then poised to show a recovery. At that time, the company hoped to see high returns on the unique portfolio it held and wished to see it optimize results when the housing sector showed full recovery.
Considering the diversified portfolio it holds, Newcastle Investment Corp. (NYSE:NCT) had announced that it would look to create a new machine from the wide-spectrum of media assets it held. The spin-off was named New Media and the process to be completed by the first quarter of 2014. Additionally, this new spin-off too would see the same share distribution ratio as witnessed with NRZ. One share for every one shared held in NCT.
Newcastle Investment Corp. (NYSE:NCT) views New Media as a fast moving stock, considering the scope this technology media stock can potentially deliver. At last count, New Media (NEWM) will operate 433 newspapers and upwards of 350 websites. These newspapers are largely regional in flavour and are expected to see returns increase when services move to the digital format. NEWM intends to present its investors with yield of 20%.
New Media is expected to emerge as a key player on the larger Newcastle Investments. With the young spin-off already focused on the yield generation, it is a matter of time before it becomes the industry market leader!DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.