This is from NCT: Board of Directors has formally declared the distribution of shares of common stock of New Residential Investment, a subsidiary of Newcastle. The distribution will complete the spin-off of New Residential from Newcastle. Following the distribution, New Residential will be an independent, publicly-traded real estate investment trust primarily focused on investing in residential mortgage related assets. The distribution will be made on or about May 15, 2013 to Newcastle stockholders of record as of 5:00 p.m., Eastern Time, on May 6, 2013. On the first trading day after the Distribution Date, Newcastle's shares of common stock will continue to trade on the NYSE under the ticker symbol "NCT," and New Residential's shares of common stock will commence trading on the NYSE under the ticker symbol "NRZ." So - on May 7, the price of NCT shares will have to drop by the value of the new "NRZ" company share. But since NRZ does not exist or start trading until May 15, how will that drop amount be determined, exactly?