Listing Alert
MIAX Options
October 22, 2014 | 03:21 PM
MIAX Corporate Action Alert: NEWCASTLE INVESTMENT CORPORATION (NCT)
Newcastle Investment Corporation (NCT) has announced a reverse stock split. The stock split will become effective at the market open on Thursday, October 23, 2014. On that date, the current NCT options class will change to NCT4. The MIAX Options Exchange will not list NCT4 options. Therefore, no options on NCT will be available for trading on the MIAX Options Exchange on Thursday, October 23, 2014. The new NCT options series will resume trading on the MIAX Options Exchange on Friday, October 24, 2014.
All GTC orders resting on the MIAX order book in NCT will be canceled at the close of business on Wednesday, October 22, 2014.
Additional details about the Newcastle Investment Corporation (NCT) stock split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.