Eurocastle Investment Limited : Acquisition of UniCredit NPL Portfolio and Declaration of Dividend
(Thomson Reuters ONE) -
EUROCASTLE INVESTMENT LIMITED
FOR IMMEDIATE RELEASE
Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450
Eurocastle Announces Acquisition of UniCredit NPL Portfolio,
Declares a Dividend of ?0.15 per Ordinary Share for the Fourth Quarter 2016
Guernsey, 15 December 2016 - Eurocastle Investment Limited (Euronext Amsterdam:
ECT) today announces that the Company, together with other affiliates of
Fortress Investment Group LLC, has agreed to acquire a significant portion of a
?17.7 billion portfolio of Italian non-performing loans from UniCredit S.p.A.
The transaction entails an anticipated equity investment for Eurocastle of
between ?50 million and ?70 million, dependent on the level of interim cash
collections from the portfolio.
In addition, the Company's Board of Directors has declared a fourth quarter
2016 cash dividend of ?0.15 per ordinary share, a 20% increase over the previous
quarter's dividend. This higher dividend brings the Company in line with
previously communicated guidance.
The dividend is payable on 31 January 2017 to shareholders of record at close of
business on 22 December 2016, with an ex-dividend date of 21 December 2016.
ABOUT EUROCASTLE
Eurocastle Investment Limited is a publicly traded closed-ended investment
company that focuses on investing in performing and non-performing loans and
other real estate related assets primarily in Italy. The Company is Euro
denominated and is listed on Euronext Amsterdam under the symbol "ECT".
Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a
leading global investment manager. For more information regarding Eurocastle
Investment Limited and to be added to our email distribution list, please visit
www.eurocastleinv.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eurocastle Investment Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 513066
Anzahl Zeichen: 2623
contact information:
Town:
St Peter Port
Kategorie:
Business News
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