New Residential Investment Corp. (NYSE:NRZ) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
New Residential Investment Corp. (NYSE:NRZ) Files An 8-K Submission of Matters to a Vote of Security Holders
At the 2019 Annual Meeting of Stockholders (the “Annual Meeting”), held May 23, 2019, the stockholders of New Residential Investment Corp. (the “Company”) voted on the matters described below.
* Broker non-votes are instances where a broker holding shares of record for a beneficial owner does not vote the shares because it has not received voting instructions from the beneficial owner and therefore is precluded by the rules of the New York Stock Exchange (“NYSE”) from voting on a particular matter. Under NYSE rules, when a broker holding shares in “street name” does not receive voting instructions from a beneficial owner, the broker has discretionary authority to vote on certain routine matters but is prohibited from voting on non-routine matters. Brokers who did not receive instructions were not entitled to vote on the election of directors or the non-binding stockholder proposal to adopt “majority voting” in uncontested elections, but they were entitled to vote on the ratification of the appointment of the independent registered public accounting firm.
About New Residential Investment Corp. (NYSE:NRZ)
New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate. Its portfolio is composed of servicing related assets, residential securities and loans, and other investments. It has made over three direct investments in servicer advances, including the basic fee component of the related MSRs. It acquires and manages a portfolio of credit sensitive real estate securities, including non-agency and agency residential mortgage backed securities (RMBS). The Company has an interest in a pool of consumer loans, including unsecured and homeowner loans.
