Item 8.01. Other Items.
On
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, regarding management's beliefs,
estimates, projections, anticipations and assumptions with respect to, among
other things, the Company's financial results, future operations, business plans
and investment strategies as well as industry and market conditions. These
statements may be identified by words such as "anticipate," "intend," "expect,"
"may," "could," "should," "would," "plan," "estimate," "target," "seek,"
"believe" and other expressions or words of similar meaning. We caution that
forward-looking statements are qualified by the existence of certain risks and
uncertainties that could cause actual results and events to differ materially
from what is contemplated by the forward-looking statements. These risks and
uncertainties include: the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger agreement;
the inability to complete the proposed merger due to the failure to obtain
stockholder approval for the proposed merger or the failure to satisfy other
conditions to completion of the proposed merger; risks related to disruption of
management's attention from the Company's ongoing business operations due to the
transaction; the effect of the announcement of the proposed merger on the
Company's relationships with its customers, operating results and business
generally; the risk that the proposed merger will not be consummated in a timely
manner; exceeding the expected costs of the merger; our ability to successfully
complete the transition plan contemplated in connection with the termination of
our Asset Management Agreement with Altisource Asset Management Corporation
("AAMC"), our external asset manager; our ability to successfully internalize
our asset management function; our ability to successfully implement our
strategic initiatives and achieve their anticipated impact; our ability to
implement our business strategy; risks and uncertainties related to the COVID-19
pandemic, including the potential adverse impact on our real-estate related
assets, financing arrangements, operations, business prospects, customers,
employees and third-party service providers; the effect of the termination of
the Agreement and Plan of Merger with
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single-family rental properties; our ability to acquire single-family rental
properties generating attractive returns; our ability to sell non-core assets on
favorable terms or at all; our ability to predict costs; our ability to
effectively compete with competitors; changes in interest rates; changes in the
market value of single-family properties; our ability to obtain and access
financing arrangements on favorable terms or at all; our ability to deploy the
net proceeds from financings or asset sales to acquire assets in a timely manner
or at all; our ability to maintain adequate liquidity and meet the requirements
under its financing arrangements; risks related to our engagement of AAMC as our
asset manager; the failure of our third party vendors to effectively perform
their obligations under their respective agreements with us; our failure to
qualify or maintain qualification as a REIT; our failure to maintain our
exemption from registration under the Investment Company Act of 1940, as
amended; the results of our strategic alternatives review and risks related
thereto; the impact of adverse real estate, mortgage or housing markets; the
impact of adverse legislative, regulatory or tax changes and other risks and
uncertainties detailed in the "Risk Factors" and other sections described from
time to time in the Company's current and future filings with the
Forward-looking statements speak only as of the date hereof and, except as
required by law, we undertake no obligation to update or revise these
forward-looking statements. For additional information regarding these and other
risks faced by us, refer to our public filings with the
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The exhibits listed on the Exhibit Index are incorporated herein by reference.
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