Newcastle sets New Media distribution

The distribution date for the New Media spinoff will be made on or about February 13 to common stockholders of record on February 6. New Media's stock symbol will be NEWM.

Newcastle (NCT) shareholders will receive 0.07219 shares of New Media for each share of Newcastle they own. When-issued trading commences on February 4.

Previous coverage

Comments (4)
  • shrimper1111
    , contributor
    Comments (47) | Send Message
    nice deal these guys are savvy...25% div and plenty of room to grow..
    28 Jan 2014, 08:21 AM Reply Like
  • Len Friedman
    , contributor
    Comments (93) | Send Message
    The spinoff is of considerably smaller value than stated would be the case in a SA piece penned in December, 2013. At that time, the author said NEWM shares would be distributed on a 1:1 basis and not a fourteenth/unit basis. Not researching for myself as I should have, I added to my 6,600 units and now hold 8,000. I'd benefited last year from the spin of NRZ which I sold a couple of months later when I saw it was going nowhere strikingly good. My view held that, of the two, NCT would prove to be the superior long term investment. I continue to hold that opinion.


    That said, 8,000 units of NCT will receive 577 shares of NEWM. Unless the new shares are priced at just a few dollars, I'll be happy enough to give things at least a couple of months to exhibit momentum, be it an upward bias or not.


    I need to verify better next time!


    28 Jan 2014, 06:28 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7341) | Send Message
    8,000 units, nice! I'm far behind that. But I have been adding to (NCT). Yup, I think it is the superior investment, but I hold on to (NRZ). It has doubled its dividend since its spinoff.
    28 Jan 2014, 11:06 PM Reply Like
  • shrimper1111
    , contributor
    Comments (47) | Send Message
    nrz will be another nsm,ocn,wac. you are penny foolish


    and pays 11%
    29 Jan 2014, 11:57 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs