The Board of Directors of Newcastle Investment Corp. has appointed Ms. Eun Nam, as Interim Chief Accounting Officer effective as of March 29, 2016. Ms. Nam serves as a Vice President of the Private Equity group of the company's manager, FIG LLC and has been involved in various mergers & acquisitions and capital markets transactions.

Prior to joining Fortress in 2014, Ms. Nam worked in KPMG LLP's audit and risk advisory services for over ten years. Effective as of March 29, 2016, Mr. Julien Hontang resigned as Chief Accounting Officer of the company.