Altisource Residential (RESI) Declares $0.55 Quarterly Dividend; 10.5% Yield
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March 31, 2015 4:26 PM EDT
FREDERIKSTED, U.S. Virgin Islands, March 31, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) today announced that it has entered into a new Asset Management Agreement ("AMA") with Altisource Asset Management Corporation ("AAMC").
Highlights of the new AMA are as follows:
Results in substantial management fee savings to Residential compared to the previous asset management agreement, and is expected to be immediately accretive to the Company's earnings. The new fee structure will replace the existing fee structure, as follows:
An annual base management fee equal to 1.5% of Residential's...
More
March 31, 2015 4:26 PM EDT
FREDERIKSTED, U.S. Virgin Islands, March 31, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) today announced that it has entered into a new Asset Management Agreement ("AMA") with Altisource Asset Management Corporation ("AAMC").
Highlights of the new AMA are as follows:
Results in substantial management fee savings to Residential compared to the previous asset management agreement, and is expected to be immediately accretive to the Company's earnings. The new fee structure will replace the existing fee structure, as follows:
An annual base management fee equal to 1.5% of Residential's...
More
