Altisource Residential Corporation Announces Quarterly Cash Dividend
21 Mars 2017 - 10:00PM
Altisource Residential Corporation (“RESI”) (NYSE:RESI) announced
today that its Board of Directors has declared a quarterly cash
dividend of $0.15 per share of common stock. RESI will
pay this quarterly dividend on April 13, 2017 to all
stockholders of record as of the close of business on March
31, 2017.
About RESI
RESI 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 that involve a number of risks and uncertainties. Those
forward-looking statements include all statements that are not
historical fact, including statements about management’s beliefs
and expectations. We caution that forward-looking statements are
qualified by the existence of certain risks and uncertainties that
could cause actual results and events to differ materially from
what is contemplated by the forward-looking statements. Factors
that could cause RESI’s actual results to differ materially from
these forward-looking statements may include, without limitation,
RESI’s ability to implement its business strategy; its ability to
make distributions to stockholders; the impact of changes to the
supply of, value of and the returns on sub-performing and
non-performing loans and single-family rental properties; RESI’s
ability to successfully modify or otherwise resolve sub-performing
and non-performing loans; its ability to convert loans to
single-family rental properties and acquire single-family rental
properties generating attractive returns; its ability to complete
potential transactions in accordance with anticipated terms and on
a timely basis or at all; its ability to predict costs;
difficulties in identifying sub-performing and non-performing loans
and single-family properties to acquire; RESI’s ability to
integrate newly acquired rental assets into the portfolio; its
ability to effectively compete with competitors; its ability to
apply the net proceeds from financings in target assets in a timely
manner; changes in interest rates and the market value of the
collateral underlying RESI’s sub-performing and nonperforming loan
portfolios or acquired single-family properties; RESI’s ability to
obtain and access financing arrangements on favorable terms, or at
all; its ability to retain the exclusive engagement of Altisource
Asset Management Corporation; the failure of Altisource Portfolio
Solutions S.A. and its affiliates to effectively perform its
obligations under various agreements with RESI; the failure
of Main Street Renewal LLC to effectively perform under
its property management agreement with RESI; the failure of RESI’s
servicers to effectively perform their servicing obligations under
their servicing agreements; RESI’s failure to qualify or maintain
qualification as a REIT; failure to maintain its exemption from
registration under the Investment Company Act of 1940, as amended;
the impact of adverse real estate, mortgage or housing markets; the
impact of adverse legislative or regulatory tax changes and other
risks and uncertainties detailed in the "Risk Factors" and other
sections described from time to time in RESI's current and future
filings with the Securities and Exchange Commission. In
addition, financial risks such as liquidity, interest rate and
credit risks could influence future results. The foregoing list of
factors should not be construed as exhaustive.
The statements made in this press release are
current as of the date of this press release only. RESI undertakes
no obligation to publicly update or revise any forward-looking
statements or any other information contained herein, whether as a
result of new information, future events or otherwise.
FOR FURTHER INFORMATION CONTACT:
Robin N. Lowe
Chief Financial Officer
T: 1-345-815-9919
E: Robin.Lowe@AltisourceAMC.com
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