More on Newcastle results; reverse stock split set

|By:, SA News Editor

Q2 core earnings of $03M or $0.09 per share vs. $34M and $0.10 in Q1. Dividend is $0.10.

Senior Housing: Spinoff plans are moving forward. In Q2, acquired 9 more properties for $214M, investing $199M of equity. Another 8 properties for $130M are under contract.

A 1:3 reverse stock split is approved and set to be effective after the close on August 18.

Conference call at 10 ET

Previously: Newcastle Investment misses by $0.01

NCT flat premarket