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Newcastle Investment Corp. Message Board

nschwartz_99 8 posts  |  Last Activity: Feb 26, 2014 4:54 PM Member since: Mar 27, 1999
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  • Reply to

    open letter to the board

    by wintersfamily0793 Feb 26, 2014 10:13 AM
    nschwartz_99 nschwartz_99 Feb 26, 2014 4:54 PM Flag

    Winter, I am in a similar situation, retired, and with 34% of my portfolio in RSO at average purchase price of 6.03. With the dividends and ROC, still a decent return. Fortunately I had large REIT positions in NRF and NCT over the last several years which saw very nice PPS appreciation. But I'm not giving up on RSO, have not sold any shares, and considering the financial melt down we went thru, many REITS did a lot worse than RSO. As far as earnings go, we'll see, but they are still optimistic they will cover the dividend with AFFO by year end, so there's the glass half full, not half empty. Kind of interesting that all of NRF's 2013 dividends were 100% Return of Capital, so let's not give up yet on RSO. Best of Luck.

  • Reply to

    YIPPEE!!!!--all common = ROC

    by dar200 Feb 21, 2014 1:24 PM
    nschwartz_99 nschwartz_99 Feb 21, 2014 2:19 PM Flag

    I agree it's fine from a tax point of view and I have 50,000 shares in a taxable account. I honestly do not understand why they have zero REIT taxable income for 2013 and what this also might suggest. How does CAD keep growing, yet no GAAP or REIT taxable income? The 2012 divs,, $.615 were all taxable as ordinary income, although I see all 2011 divs were totally ROC. Hey, whatever, it's still a great saving now and you're right the tax is lower as a long cap gain than as ordinary income.

  • Reply to


    by needoptions Feb 20, 2014 9:30 AM
    nschwartz_99 nschwartz_99 Feb 20, 2014 10:12 AM Flag

    Davis, the question is why the -143 Million writedown in "fair value" in the GAAP Income statement. Why did it drop so much? Does this suggest a longer term problem that suggests the market is worried about potential failure of CDO's, and if so, why? I used to own a large amount of RAIT, but sold it off some time agowitha bog loss (after the financial meltdown) when the reverse split happpend. Fortunately did very well with NRF and NCT and have a big position with RSO which has continued to pay a large div. I was thinking about re-entering some RAS, but this 143 Million adjustment is somewhat scary.

  • nschwartz_99 nschwartz_99 Feb 19, 2014 3:24 PM Flag

    Common Stock Dividends
    NOT correct. Go to the NCT website, investor Relations, Press Releases, and you will see the entire 2013 dividends clearly indicated. Only the Q4 div from 2013 will be part of your 2014 tax. Clearly the NRZ spin off portion is indicated along with the other normal divs for a total ordinary div taxable amount of 2.502696 per share for 2013. The rest is Return of Capital (ROC).

    QUOTE from the Press release:
    During 2013, taxable dividends for Newcastle's common stock (CUSIP# 65105M108) were $2.502696 per share. The entire fourth quarter 2013 common stock distribution payment will be treated as having been received by shareholders in 2014. The following table summarizes the tax treatment for the 2013 common stock distribution payments. UNQUOTE. (Below this is given a table of all the divs.)


  • Reply to


    by seeds.bill Feb 6, 2014 4:37 PM
    nschwartz_99 nschwartz_99 Feb 18, 2014 9:43 PM Flag

    This guy is a troll. Calling Dr. Phil. Please put him on IGNORE.
    Yahoo just will never fix these message boards correctly. They are impossible.

  • Reply to


    by seeds.bill Feb 6, 2014 4:37 PM
    nschwartz_99 nschwartz_99 Feb 18, 2014 1:19 PM Flag

    Just before they announced earnings in early Nov. 2013, they did a convertible note offering, so one would think an SPO at this point wouldn't be likely, and based on the last CC, it seems that they were still making and planning new investments with funds they had available. Still long a lot of shares.

  • Reply to

    Scottrade got it all wrong

    by stocksstink Feb 17, 2014 5:02 PM
    nschwartz_99 nschwartz_99 Feb 17, 2014 5:54 PM Flag

    I called Scottrade and told them of the mistake. I told them the information is available on the NCT website as to the total amount of taxable divs for 2013 and what is ROC and the 1099's need to be corrected.

  • Reply to

    Short stop cascade

    by dar200 Jan 22, 2014 9:51 AM
    nschwartz_99 nschwartz_99 Jan 22, 2014 12:27 PM Flag

    This is a riot. I sold 5800 in a regular account as it rose to 14.59 and about 1 minute or less after I sell it, it bolts to like 14.70. But I'll take the profit as my cost was a little over 3 bucks. Still holding 50,000. As it rises, I've been trimming back from long holdings. What a ride! I suspect it's getting pricey, but I guess it's the short squeeze in force now.

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