On January 20, 2016, Altisource Residential Corporation confirmed that RESI Shareholders Group has nominated 3 candidates to stand for election to the Company's Board of Directors at the 2016 annual meeting of stockholders. In addition, the Company stated that the Company's Board of Directors and management team are committed to enhancing long-term value for all stockholders, and will continue to take actions to achieve this important objective. Further, the Company stated that its Board will review the proposed candidates and present details regarding its recommended slate of director nominees in the Company's proxy statement and other materials, to be filed with the Securities and Exchange Commission and mailed to all stockholders eligible to vote at the 2016 annual meeting in the ordinary course of business.