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/C O R R E C T I O N -- Altisource Portfolio Solutions, S.A./
In the news release, Altisource Emails Directors of Front Yard Residential Supporting William Erbey's Call to Return Capital to Stockholders via an Orderly
About this update from Altisource Portfolio Solutions S.a.
[{"type":"text","content":"In the news release, Altisource Emails Directors of Front Yard Residential Supporting William Erbey's Call to Return Capital to Stockholders via an Orderly Liquidation, issued 13-Oct-2020 by Altisource Portfolio Solutions, S.A. over PR Newswire, we are advised by the company that the subheadline should read \"Email supports a recent letter issued by William C. Erbey to Front Yard's Chair calling for the orderly liquidation of the Front Yard\" rather than \"Email supports a recent letter issued by Altisource William C. Erbey to Front Yard's Chair calling for the orderly liquidation of the Front Yard\" as originally issued inadvertently. The complete, corrected release follows:\n\nAltisource Emails Directors of Front Yard Residential Supporting William Erbey's Call to Return Capital to Stockholders via an Orderly Liquidation\n\nEmail supports a recent letter issued by William C. Erbey to Front Yard's Chair calling for the orderly liquidation of the Front Yard\n\n\nLUXEMBOURG, Oct. 13, 2020 /PRNewswire/ -- Altisource Portfolio Solutions S.A. (NASDAQ: ASPS), an integrated service provider and marketplace for the real estate and mortgage industries, today emailed the open letter below to all directors of Front Yard Residential Corporation (NYSE: RESI) (\"Front Yard\" or the \"Company\"), a provider of affordable single family housing across America. Front Yard was established as an independent public company following its spin-off from Altisource Portfolio Solutions S.A. in December 2012. \nLuxembourg October 13, 2020\nDirectors of Front Yard Residential Corporation: Rochelle R. Dobbs, Chair of the Board Leland Abrams, Director George G. Ellison, Director and Chief Executive Officer Michael A. Eruzione, Director Leslie Fox, Director Wade J. Henderson, Director Lazar Nikolic, Director George Whitfield McDowell, Director\nRe: Letter from William C. Erbey calling for the liquidation of Front Yard Residential Corporation \nDear Directors:\nI am writing on behalf of the Board of Directors of Altisource Portfolio Solutions S.A. (\"Altisource\"), a 5.9% shareholder of Front Yard Residential Corporation (\"RESI\"). We have reviewed and are reacting to the letter to the RESI Board from William C. Erbey dated September 30, 2020 included in his October 7, 2020 press release (the \"Letter\"). We have thoughtfully considered the points made in th...