Home > Boards > US Listed > Real Estate > New Senior Investment Group Inc. (SNR)

New Senior Announces Authorization of Share Repurchase Program (12/02/15)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Enterprising Investor Member Profile
Member Level 
Followed By 214
Posts 11,085
Boards Moderated 3
Alias Born 04/05/09
160x600 placeholder
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 4/12/2021 7:02:30 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/12/2021 7:00:51 AM
New Senior Provides Company Update Business Wire - 4/6/2021 6:30:00 PM
New Senior goes ex-dividend tomorrow Seeking Alpha - 3/10/2021 12:09:33 PM
New Senior announces “At-the-Market” offering program Seeking Alpha - 3/1/2021 3:05:07 PM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 3/1/2021 6:03:57 AM
New Senior Announces “At-the-Market” Offering Program Business Wire - 2/26/2021 5:30:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/26/2021 5:23:10 PM
Atria Retirement Expands Independent Living Portfolio and Brand PR Newswire (Canada) - 2/25/2021 12:52:00 PM
Atria Retirement Expands Independent Living Portfolio And Brand PR Newswire (US) - 2/25/2021 12:50:00 PM
New Senior FFO beats by $0.02, misses on revenue Seeking Alpha - 2/25/2021 7:07:04 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/25/2021 7:01:39 AM
New Senior Announces Fourth Quarter and Full Year 2020 Results Business Wire - 2/25/2021 7:00:00 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/12/2021 4:20:50 PM
New Senior Announces Fourth Quarter and Full Year 2020 Earnings Release Date and Conference Call Business Wire - 2/10/2021 4:00:00 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/10/2021 3:43:22 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 1/29/2021 5:26:49 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 1/26/2021 5:12:13 PM
New Senior Announces Tax Treatment of 2020 Dividends Business Wire - 1/26/2021 4:00:00 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 1/25/2021 6:24:37 PM
New Senior Announces Election of Frances Aldrich Sevilla-Sacasa to Board of Directors Business Wire - 1/25/2021 8:00:00 AM
New Senior to Participate in the Capital One Securities Inaugural REIT Conference & the Stifel 2021 Seniors Housing & Healthc... Business Wire - 1/8/2021 9:30:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 11/24/2020 6:35:43 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 11/23/2020 9:17:25 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/23/2020 8:01:50 AM
Enterprising Investor Member Level  Tuesday, 12/01/15 10:52:58 AM
Re: None
Post # of 25 
New Senior Announces Authorization of Share Repurchase Program (12/02/15)

NEW YORK--(BUSINESS WIRE)--New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced today that the Company's Board of Directors authorized the repurchase of up to $100 million of the Company's common stock over the next 12 months. Under the program, the Company may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company's shares, trading volume, capital availability, Company performance and general economic and market conditions. The Company may also from time to time establish a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate purchases of its shares under this authorization. The stock repurchase program may be suspended or discontinued at any time.

“We are pleased that our Board of Directors has authorized a share repurchase program,” New Senior Chief Executive Officer Susan Givens said. “We view our current valuation as a significant discount to the underlying value of our unique and hard-to-replicate portfolio of private pay senior housing properties. Our team is focused on enhancing shareholder value, and we believe that, given current market conditions, buying back shares of our common stock represents an attractive investment.”

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 the only pure play senior housing REIT and is one of the largest owners of senior housing properties. Currently, New Senior owns 154 properties located across 37 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/20151201005566/en/Senior-Announces-Authorization-Share-Repurchase-Program

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences