On June 3, 2013, Mr. Jonathan Brown, 46, was appointed Interim Chief Financial Officer, Principal Accounting Officer and Treasurer of Newcastle Investment Corp. Mr. Brown has been actively involved with Newcastle since its inception and has been working in accounting and finance for over 20 years. Mr. Brown joined Newcastle's manager, an affiliate of Fortress Investment Group (Fortress), in 1999, and is Chief Accounting Officer of Fortress.

Mr. Brown is also the Chief Accounting Officer of New Residential Investment Corp.