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New Residential Investment board authorizes stock buyback program

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New Residential Investment board authorizes stock buyback program

New Residential Investment Corp.'s board authorized the repurchase of up to $200 million of the company's common shares through Dec. 31, 2020.

Under the program, the company may repurchase its shares from time to time in the open market or in private transactions. It may also adopt one or more trading plans in accordance with Rule 10b5-1 to facilitate repurchases.