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New Senior Announces Completion of Spin-Off from Newcastle (11/07/14)

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New Senior Announces Completion of Spin-Off from Newcastle (11/07/14)

NEW YORK--(BUSINESS WIRE)--New Senior Investment Group Inc. (“New Senior” or the “Company”) today announced that its spin-off from Newcastle Investment Corp. (NYSE:NCT; “Newcastle”) was successfully completed on November 6, 2014. Starting on November 7, 2014, New Senior will begin trading on the New York Stock Exchange under the symbol “SNR.”

Holders of Newcastle common stock as of the record date, October 27, 2014, have been electronically issued one share of New Senior common stock for each share of Newcastle common stock held as of the record date.

ABOUT NEW SENIOR

New Senior is a real estate investment trust focused on investing in senior housing properties across the United States. The Company is one of the largest owners of senior housing properties and currently owns 99 properties in 27 states. New Senior is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm. More information about New Senior can be found at www.newseniorinv.com.

http://www.businesswire.com/news/home/20141107005073/en/Senior-Announces-Completion-Spin-Off-Newcastle#.VFzQpIl0yUk

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