FOR IMMEDIATE RELEASE
DITECH HOLDING CORPORATION CONFIRMS SUSPENSION NOTICE FROM NYSE AND
COMMENCEMENT OF DELISTING PROCEEDINGS
FORT WASHINGTON, Pa., November 6, 2018 Ditech Holding Corporation (Ditech or the Company) (NYSE:
DHCP) today announced that it received notification from The New York Stock Exchange (the NYSE) informing Ditech that the NYSE has determined to commence proceedings to delist the Companys common stock and warrants (collectively,
securities) from the NYSE and that trading in the Companys securities has been suspended.
The NYSE reached its decision to delist the
Companys securities pursuant to Section 802.01B of the NYSEs Listed Company Manual because the Company has fallen below the NYSEs continued listing standard that requires listed companies to maintain an average global market
capitalization over a consecutive 30 trading day period of at least $15 million.
The Company will continue to file periodic and certain other
reports with the SEC under applicable federal securities laws. The suspension and commencement of delisting proceedings do not affect the Companys business operations. The
Company anticipates that its common stock and warrants will be traded
in the over-the-counter market. However, there is no assurance that an active market will be maintained for the Companys securities.
Separately, the Ditech Board of Directors is continuing its previously announced review of strategic alternatives. The Company does not intend to discuss or
disclose developments with respect to this process unless and until the Company has entered into a definitive agreement that is material to the Company or the Company has otherwise determined that further disclosure is appropriate or required by
law. No timetable has been established for the completion of the strategic review.
About Ditech Holding Corporation
Ditech Holding Corporation is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington,
Pennsylvania, we have approximately 3,600 employees and service a diverse loan portfolio. For more information about Ditech Holding Corporation, please visit our website at www.ditechholding.com. The information on our website is not a part of this
Cautionary Statements Regarding Forward-Looking Information
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