Altisource Residential Corporation Announces Quarterly Cash Dividend
19 Juin 2017 - 10:30PM
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 July 14, 2017 to all
stockholders of record as of the close of business on June 30,
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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