ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI) Files An 8-K Other Events
Item 8.01
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Other Events
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Company) announced that its Board of Directors declared a
quarterly cash dividend of $0.15 per share of common stock
payable on July 14, 2017 to all stockholders of record as of the
close of business on June 30, 2017.
hereto as Exhibit 99.1 and is incorporated herein by reference.
in this Current Report on Form 8-K are forward-looking statements
that are subject to uncertainties that could cause actual results
and achievements to differ materially from those expressed in
such statements. These uncertainties are in some instances beyond
our control. Words such as expect, will and other similar
expressions identify forward-looking statements, although not all
forward-looking statements contain these identifying words. The
forward-looking statements contained herein speak only as of the
date they are made and are qualified in their entirety by
reference to the risks and uncertainties described from time to
time in the Companys filings with the Securities and Exchange
Commission.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit No.
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Description
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99.1
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Press release announcing quarterly cash dividend dated
June 19, 2017 |
Altisource Residential Corp ExhibitEX-99.1 2 ex991pressreleasejune2017d.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FOR IMMEDIATE RELEASEFOR FURTHER INFORMATION CONTACT: Robin N. LoweChief Financial OfficerT: 1-345-815-9919E: [email protected] Residential Corporation Announces Quarterly Cash DividendCHRISTIANSTED,…To view the full exhibit click here About ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI)
Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries. The Company has approximately 6,520 real estate owned (REO) properties, consisting of over 4,930 REO properties held for use and over 1,580 held for sale. Of approximately 4,930 REO properties held for use, over 2,120 properties are leased, over 260 are listed and ready for rent, and approximately 350 are in varying stages of renovation and unit turn status.
