ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
a press release announcing financial results for its quarter and
year ended December 31, 2016. A copy of the press release is
attached hereto as Exhibit 99.1.
Exhibit 99.1, is furnished solely to Item 2.02 of this Form 8-K.
Consequently, it is not deemed filed for the purposes of Section
18 of the Securities Exchange Act of 1934, or otherwise subject
to the liabilities of that Section. It may only be incorporated
by reference in another filing under the Securities Exchange Act
of 1934 or Securities Act of 1933 if such subsequent filing
specifically references this Item 2.02 of this Form 8-K.
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Exhibit No.
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Description
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Exhibit 99.1
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Press Release of Altisource Asset Management
Corporation dated March 1, 2017 |
About ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC)
Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Company operates through segment, which is focused on providing asset management and certain corporate governance services to Residential. Its business strategy is to provide asset management services to Residential to generate cash available for distribution to its shareholders and thereby growing its earnings, and develop additional investment strategies and vehicles. Residential is a public real estate investment trust (REIT) that acquires and manages single-family rental properties by acquiring sub-performing and non-performing mortgage loans throughout the United States. In addition to providing services to Residential, it also provides management services to NewSource Reinsurance Company Ltd., which is an insurance and reinsurance company. ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) Recent Trading Information
ALTISOURCE ASSET MANAGEMENT CORPORATION (NYSEMKT:AAMC) closed its last trading session down -0.80 at 70.30 with 9,727 shares trading hands.