Wander Springs Golf Course Limited

Newcastle Investment Corporation is a real estate investment and finance company headquartered in New York City. The company invests in a diversified portfolio of real estate securities and other real estate-related assets with a disciplined approach to managing assets and financing. The company, which is taxed as a real estate investment trust, seeks to deliver a strong dividend and superior risk-adjusted returns on equity to stockholders in varying interest rate and credit cycles. The operating real estate segment is primarily credit-leased operating real estate, including a portfolio of properties located in Canada, which is referred to as the Bell Canada portfolio, and a portfolio of properties located in Belgium. Newcastle is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes. The company is publicly traded.