The spinoff of New Residential (NRZ) from Newcastle Investment (NCT) has been completed and NRZ...

|About: New Residential Investme... (NRZ)|By:, SA News Editor

The spinoff of New Residential (NRZ) from Newcastle Investment (NCT) has been completed and NRZ will begin trading on the NYSE today. At the moment, NCT is indicated to open at $5.83, NRZ at $6.70 - a total of $12.53 vs. yesterday's NCT close of $12.33. (PR)