More on Newcastle Investment (NCT): The company plans to spin-off all of its Excess MSRs in Q1...

|About: Newcastle Investment Corp. (NCT)|By:, SA News Editor

More on Newcastle Investment (NCT): The company plans to spin-off all of its Excess MSRs in Q1 by distributing shares of subsidiary New Residential Investment Corp. Even more, Newcastle launches a secondary offering of 40M shares to help finance its purchase of $215B in Excess MSRs from Nationstar. Shares +3.3% premarket.