Investor Relations :: News Release
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|Walter Investment Management Corp. Amends Stockholder Rights Plan|
Section 382 potentially limits the value of those tax assets upon an "ownership change". The amendment and restatement of the rights plan was adopted to reduce the likelihood of this occurring by deterring the acquisition of shares that could result in an "ownership change" under Section 382.
In connection with the original adoption of the rights plan, one right was distributed for each share of Walter Investment common stock outstanding on
The amended and restated rights plan will continue in effect until the earlier of
Further details about the rights plan will be contained in a Form 8-K to be filed by the Company with the
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical fact are forward-looking statements. Certain of these forward-looking statements can be identified by the use of words such as "believes," "anticipates," "expects," "intends," "plans," "projects," "estimates," "assumes," "may," "should," "will," "seeks," "targets," or other similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, and our actual results, performance or achievements could differ materially from future results, performance or achievements expressed in these forward-looking statements. These forward-looking statements are based on our current beliefs, intentions and expectations. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015 and in our Quarterly Reports on Form 10-Q for the quarterly periods ended
In addition, this press release may contain statements of opinion or belief concerning market conditions and similar matters. In certain instances, those opinions and beliefs could be based upon general observations by members of our management, anecdotal evidence and/or our experience in the conduct of our business, without specific investigation or statistical analyses. Therefore, while such statements reflect our view of the industries and markets in which we are involved, they should not be viewed as reflecting verifiable views and such views may not be shared by all who are involved in those industries or markets.
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Investor Contact: Kimberly Perez, SVP & Chief Accounting Officer, 813.421.7694, firstname.lastname@example.org
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