FREDERIKSTED, U.S. Virgin Islands, March 9, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential") (NYSE:RESI) announced today that it is rescheduling its earnings conference call for the fourth quarter and full year of 2014. The call was originally scheduled for today, March 9, 2015 at 10:00 a.m. Eastern.
David Reiner, Chairman of the Board, stated, "Residential is in the final stages of modifying its asset management agreement with Altisource Asset Management Corporation. As a result, the Company has determined it is prudent to delay the earnings call until the agreement has been completed, which the Company expects to occur within the next several days."
Residential expects to hold its earnings call for the fourth quarter and full year of 2014 in the next several days and will issue a separate press release announcing the date and time of the rescheduled call. There can be no assurance that a modified asset management agreement will be completed on a timely basis or at all.
About Altisource Residential Corporation
Residential is focused on providing affordable rental homes to families throughout the United States. It acquires single-family properties primarily through the purchase of distressed mortgage loan portfolios. Residential's strategy is to work with borrowers to modify and refinance loans to keep them in their homes and convert the majority of unmodified loans into renovated rental properties. Additional information is available at www.altisourceresi.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical fact, including statements about the Company's beliefs and expectations. Forward-looking statements are based on the Company's beliefs as well as assumptions made by and information currently available to the Company. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. Residential undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to the risks and uncertainties detailed in the "Forward-Looking Statements," "Risk Factors" and other sections of Residential's Annual Reports on Form 10-K, its quarterly reports on Form 10-Q and its other filings with the Securities and Exchange Commission.
CONTACT: Robin N. Lowe Chief Financial Officer T: 1-345-815-9919 E: Robin.Lowe@AltisourceAMC.com
Source:Altisource Residential Corporation