Newcastle Prices 50.45M Share Offering of Common Stock for Gross Proceeds of Approximately $264.9M

Newcastle Investment

announced today that it priced its public offering of 50,450,952 shares of its common stock for gross proceeds of approximately $264.9 million. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on November 22, 2013, subject to