New Residential Investment Corp. ((NYSE:NRZ) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of the company's common stock.

The company may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the company's shares, trading volume, capital availability, company performance and general economic and market conditions. The company may also from time to time establish a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934 or effect one or more tender offers to facilitate purchases of its shares under this authorization.

The stock repurchase program may be suspended or discontinued at any time. The shares will be repurchased over the next 12 months.