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8-K - FORM 8-K - DITECH HOLDING Corp | c09585e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE December 10, 2010 |
Investor and Media Contact: Whitney Finch Director of Investor Relations 813.421.7694 wfinch@walterinvestment.com |
WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES
FOURTH QUARTER DIVIDEND OF $0.50 PER SHARE
FOURTH QUARTER DIVIDEND OF $0.50 PER SHARE
(Tampa, Fla.) The Board of Directors of Walter Investment Management Corp. (NYSE Amex: WAC)
today declared the fourth quarter 2010 cash dividend of $0.50 per share. The dividend will be paid
on January 14, 2011 to shareholders of record on December 23, 2010.
The Company distributes dividends based on its operating results, estimates of taxable earnings,
cash flows and liquidity, as well as other factors. Taxable and GAAP earnings differ because of
non-taxable unrealized and realized losses, differences between book and tax basis and
non-deductible general and administrative expenses.
About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and mortgage portfolio
owner specializing in less-than-prime, non-conforming and other credit-challenged mortgage assets.
Based in Tampa, Fla., the Company currently has $1.8 billion of assets under management and annual
revenues of approximately $190 million. The Company is structured as a real estate investment
trust (REIT) and employs approximately 340 people. For more information about Walter Investment
Management Corp., please visit the Companys website at www.walterinvestment.com.
Safe Harbor Statement
Certain statements in this release and in our public documents to which we refer, contain or
incorporate by reference forward-looking statements as defined in Section 27A of the Securities
Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Walter
Investment Management Corp. is including this cautionary statement to make applicable and take
advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Statements that are not historical fact are forward-looking statements. Words such as expect,
believe, anticipate, project, estimate, forecast, objective, plan, goal and similar
expressions are intended to identify forward looking statements. Forward-looking statements are
based on the Companys current belief, intentions and expectations; however, forward-looking
statements involve known and unknown risks, uncertainties and other important factors that could
cause actual results, performance or achievements, to differ materially from those reflected in the
statements made or incorporated in this release. Thus, these forward-looking statements are not
guarantees of future performance and should not be relied upon as predictions of future events.
These risks and uncertainties are contained in Walter Investment Management Corp.s report on Form
10-K filed with the Securities and Exchange Commission (SEC) on March 2, 2010 and Walter
Investment Management Corp.s other filings with the SEC.
All forward looking statements set forth herein are qualified by this cautionary statement and are
made only as of December 10, 2010. The Company undertakes no obligation to update or revise the
information contained herein, including without limitation any forward-looking statements whether
as a result of new information, subsequent events or circumstances, or otherwise, unless otherwise
required by law.