STOCK TITAN

New Residential Announces NewRez’s Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

NEW YORK & FORT WASHINGTON, Pa.--()--New Residential Investment Corp. (NYSE: NRZ, “New Residential”) today announced than an affiliate of NewRez LLC (“NewRez”), a national mortgage lending and servicing organization, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of NewRez’s common stock. The number of shares of common stock to be sold and the price range for the proposed initial public offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Contacts

New Residential Investor Relations
Kaitlyn Mauritz
212-479-3150
ir@newresi.com

NewRez Public Relations
publicrelations@newrez.com

New Residential Investment Corp

NYSE:NRZ

NRZ Rankings

NRZ Latest News

NRZ Stock Data

Other Financial Vehicles
Finance and Insurance
Link
Finance, Real Estate Investment Trusts, Finance and Insurance, Other Financial Vehicles
US
New York

About NRZ

New Residential is a leading provider of capital and services to the mortgage and financial services industry. The Company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a portfolio of investments and operating businesses. New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments over time. New Residential's portfolio is composed of mortgage servicing related assets (including investments in operating entities consisting of servicing, origination, and affiliated businesses), residential securities (and associated called rights) and loans, and consumer loans. New Residential's investments in operating entities include its mortgage origination and servicing subsidiary, NewRez, and its special servicing division, Shellpoint Mortgage Servicing, as well as investments in affiliated businesses that provide services that are complementary to the origination and servicing businesses and other portfolios of mortgage related assets. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering over $3.4 billion in dividends to shareholders. New Residential is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.