Altisource Residential Corporation Announces Rescheduling of Conference Call for Fourth Quarter and Full Year 2014 Results
09 Mars 2015 - 1:17PM
Altisource Residential Corporation ("Residential") (NYSE:RESI)
announced today that it is rescheduling its earnings conference
call for the fourth quarter and full year of 2014. The call was
originally scheduled for today, March 9, 2015 at 10:00 a.m.
Eastern.
David Reiner, Chairman of the Board, stated,
"Residential is in the final stages of modifying its asset
management agreement with Altisource Asset Management Corporation.
As a result, the Company has determined it is prudent to delay the
earnings call until the agreement has been completed, which the
Company expects to occur within the next several days."
Residential expects to hold its earnings call for
the fourth quarter and full year of 2014 in the next several days
and will issue a separate press release announcing the date and
time of the rescheduled call. There can be no assurance that a
modified asset management agreement will be completed on a timely
basis or at all.
About Altisource Residential Corporation
Residential is focused on providing affordable rental homes to
families throughout the United States. It acquires single-family
properties primarily through the purchase of distressed mortgage
loan portfolios. Residential's strategy is to work with borrowers
to modify and refinance loans to keep them in their homes and
convert the majority of unmodified loans into renovated rental
properties. Additional information is available
at www.altisourceresi.com.
Forward-looking statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Those forward-looking
statements include all statements that are not historical fact,
including statements about the Company's beliefs and expectations.
Forward-looking statements are based on the Company's beliefs as
well as assumptions made by and information currently available to
the Company. Because such statements are based on expectations as
to future economic performance and are not statements of historical
fact, actual results may differ materially from those projected.
Residential undertakes no obligation to update any forward-looking
statements whether as a result of new information, future events or
otherwise. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to the risks
and uncertainties detailed in the "Forward-Looking Statements,"
"Risk Factors" and other sections of Residential's Annual Reports
on Form 10-K, its quarterly reports on Form 10-Q and its other
filings with the Securities and Exchange Commission.
CONTACT: Robin N. Lowe
Chief Financial Officer
T: 1-345-815-9919
E: Robin.Lowe@AltisourceAMC.com
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