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BRIEF-Newcastle announces name change to Drive Shack Inc
December 8, 2016 / 1:42 AM / a year ago

BRIEF-Newcastle announces name change to Drive Shack Inc

Dec 7 (Reuters) - Newcastle Investment Corp

* Newcastle decides to change REIT status beginning in 2017 and announces name change to Drive Shack Inc. to facilitate transformation to a leisure company

* Intends to maintain REIT status through end of 2016, and conversion to a C-Corp will be effective as of January 1

* Says announced today that company will not be a Real Estate Investment Trust beginning in 2017 Source text for Eikon: Further company coverage:

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