Altisource Residential Corporation Announces Quarterly Cash Dividend
24 Mars 2016 - 12:30PM
Altisource Residential Corporation (“Residential”) (NYSE:RESI)
announced today that its Board of Directors has declared a
quarterly cash dividend of $0.15 per share of common
stock. Residential will pay this quarterly dividend on April 14,
2016 to all stockholders of record as of the close of business
on April 4, 2016. This quarterly cash dividend
represents an annualized dividend yield of approximately 2.9% on
the book value of the Company as at December 31, 2015.
About Residential
Residential is focused on providing quality, affordable rental
homes to families throughout the United States. Additional
information is available at www.altisourceresi.com.
Forward-looking statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). In some
cases, you can identify forward-looking statements by the use of
forward-looking terminology such as “may, “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts” or “potential” or the negative of these
words and phrases or similar words or phrases that are predictions
of or indicate future events or trends and that do not relate
solely to historical matters. You can also identify forward-looking
statements by discussions of strategy, plans or intentions. The
forward-looking statements contained in this press release reflect
our current views about future events and are subject to numerous
known and unknown risks, uncertainties, assumptions and changes in
circumstances that may cause our actual results to differ
significantly from those expressed in any forward-looking
statement. Factors that may materially affect such forward-looking
statements include, but are not limited to: our ability to
implement our business strategy; our ability to make distributions
to our stockholders; our ability to acquire assets for our
portfolio, including difficulties in identifying single-family
rental assets and properties to acquire; our ability to sell
residential mortgage assets on favorable terms; the impact of
changes to the supply of, value of and the returns on residential
mortgage or single-family rental assets; our ability to
successfully modify or otherwise resolve sub-performing and
non-performing loans; our ability to convert residential mortgage
loans to rental properties or acquire single-family rental
properties and generate attractive returns; our ability to predict
our costs; our ability to effectively compete with our competitors;
our ability to apply the proceeds from financing activities or
residential mortgage loan asset sales to target assets in a timely
manner; changes in the market value of our acquired real estate
owned and single-family rental properties; changes in interest
rates and in the market value of the collateral underlying our
sub-performing and non-performing loan portfolios; our ability to
obtain and access financing arrangements on favorable terms, or at
all; our ability to maintain adequate liquidity; our ability to
retain our engagement of Altisource Asset Management Corporation;
the failure of Altisource Portfolio Solutions S.A. to effectively
perform its obligations under various agreements with us; the
failure of our mortgage loan servicers to effectively perform their
servicing obligations; our failure to maintain qualification as a
REIT; our failure to maintain our exemption from registration under
the Investment Company Act; the impact of adverse real estate,
mortgage or housing markets; the impact of adverse legislative,
regulatory or tax changes; and general economic and market
conditions and other risks and uncertainties detailed in the “Risk
Factors” and other sections described from time to time in the
Company's current and future filings with the Securities and
Exchange Commission. The foregoing list of factors should not be
construed as exhaustive. While forward-looking statements
reflect our good faith beliefs, assumptions and expectations, they
are not guarantees of future performance. Such forward-looking
statements speak only as of their respective dates, and we assume
no obligation to update them to reflect changes in underlying
assumptions or factors, new information or otherwise.
Robin N. Lowe
Chief Financial Officer
T: 1-345-815-9919
E: Robin.Lowe@AltisourceAMC.com
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