AAMC dividend history

Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) announces that it has settled litigation with Luxor Capital Group, LP and related entities (collectively "Luxor") in respect of the Company's Series A Convertible Preferred Stock (the "Preferred Shares"), as well as separate litigation with former AAMC director Nathanel Redleaf. Settlement Highlights Luxor surrenders all 144,212 of its Preferred Shares, thereby extinguishing all rights under the related Securities Purchase Agreement and Certificate of Designations. The Company provides the following consideration to Luxor: A $1,000,000 cash payment now, plus Three Promissory Notes in the foll

Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) announced today that the Board of Directors has approved and declared a two-for-one split of AAMC's common stock in the form of a stock dividend. "The stock dividend is required to allow for AAMC to reach the minimum level of 1,100,000 publicly held shares, which is consistent with the remediation plan submitted to the NYSE on June 30, 2022," stated Jason Kopcak, Chief Executive Officer and Director. "Upon the shares being distributed, the Company will be compliant with the publicly held share requirement under Section 1003(a)(iii)." Each stockholder of record on August 14, 2023 will receive a dividend of one

Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the fourth quarter and full year of 2022. Fourth Quarter 2022 Highlights and Recent Developments Entered into forward contracts to sell alternative credit products to two of the US's largest institutional counterparties that manage insurance and credit money assets on January 31, 2023. The organizations have over $50 billion and $15 billion in assets under management. Earned $2.5 million from loan interest and fee income during the fourth quarter of 2022. As of December 31, 2022, AAMC's cash position was $12.8 million, which is net of the $94.7 million at

Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) announced that it has issued preferred stock to both Jason Kopcak, Chief Executive Officer of the Company, and Stephen R. Krallman, Chief Financial Officer of the Company. "The Company originally adopted the Preferred Stock Plan in 2016 to incentivize employees to become employed, align their economic interest with the Company's success and remain employees of the Company in the U.S. Virgin Islands," said Chairman of the Board, John de Jongh, Jr. "We are pleased to offer this benefit to Jason and Steve and believe this provides an efficient way to return capital to our shareholders and increase Jason's ownership

CHRISTIANSTED, U.S. Virgin Islands, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the third quarter of 2022. Third Quarter 2022 Highlights and Recent Developments The Company has acquired and originated more than $79.1 million in loan commitments and has earned $1.9 million from loan interest and fee income during the third quarter of 2022.As of September 30, 2022, AAMC's cash position was $13.5 million, which is net of the $97.7 million at quarter end for loans held for sale and investment at fair value.The Company entered into a line of credit agreement with Flagstar Ba

CHRISTIANSTED, U.S. Virgin Islands, April 22, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the first quarter of 2022. First Quarter 2022 Highlights and Recent Developments The Company announced the creation of the Alternative Lending Group ("ALG") and approved an initial equity capital commitment of up to $40 million for the purchase and origination of alternative mortgage loans. The Company acquired a total commitment amount of $18.5 million in loans, of which $17.8 million was outstanding at March 31, 2022.As of March 31, 2022, AAMC's cash position was $54.3 million, which

CHRISTIANSTED, U.S. Virgin Islands, March 31, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the fourth quarter and full year of 2021. Recent Developments As previously announced on March 18, 2022, the Company has started operations of its Alternative Lending Group (ALG) with a capital commitment of $40 million.   As of March 31, 2022, the Company pipeline consists of the following: DescriptionAmountLoans acquired$18,470,000Loans under evaluation9,258,000Total27,728,000 Our Interim Chief Executive Officer, Thomas K. McCarthy, has had his engagement extended to May 31, 2022. Our n

CHRISTIANSTED, U.S. Virgin Islands, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the second quarter of 2021. Third Quarter 2021 Highlights and Recent Developments Maintained liquidity to position the Company to have access to capital to consummate prospective business opportunities. Liquidity consists of $84.5 million in cash.Negotiated a settlement agreement on 18,200 shares of our Series A Convertible Preferred Stock ("Series A Shares") with certain investors which resulted in a $16.1 million increase to equity on the balance sheet, and reduced the overall Series A Sha

CHRISTIANSTED, U.S. Virgin Islands, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the second quarter of 2021. Second Quarter 2021 Highlights and Recent Developments Net income from continuing operations of $2.2 million for the second quarter was fueled in part by (i) the realized gains on sales of the equity securities and the associated dividend income, and (ii) reduced expenses on salaries and benefits due to forfeited bonuses from departed executives.Maintained liquidity to position the Company to have access to capital to consummate prospective business opportunities.

CHRISTIANSTED, U.S. Virgin Islands, May 18, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC" or the "Company") (NYSE:AAMC) today announced financial and operating results for the first quarter of 2021. First Quarter 2021 Highlights and Recent Developments Fueled by cash resources emanating from the sales and termination of discontinued operations late last year, the Company invested in equity securities concentrated in Real Estate Investment Trusts ("REITs"). The purpose was to secure investment income while the Company reviews new business opportunities.Net income of $5.9 million for the first quarter was fueled in part by (i) the market value appreciation of tho

CHRISTIANSTED, U.S. Virgin Islands, March 03, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the fourth quarter and full year of 2020. Fourth Quarter 2020 Highlights and Recent Developments Successfully completed the transition plan on December 31, 2020, over a month ahead of the outside date of February 9, 2021 described in the Termination and Transition Agreement, dated August 13, 2020, by and among Front Yard Residential Corporation (“Front Yard”), Front Yard Residential, L.P., and the Company received an aggregate termination fee of $46 million in connection with