 CHRISTIANSTED, U.S. Virgin Islands, Nov. 23, 2020 GLOBE NEWSWIRE -- Front Yard Residential Corporation Front Yard or the Company NYSE: RESI, an industry leading provider of high-quality and affordable rental homes, announced today that it has amended its definitive merger agreement with a partnership led by Pretium and including funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation NYSE: ARES together, the Pretium Partnership to increase the consideration payable to holders of outstanding shares of Front Yard stock to 16.25 per share in cash from 13.50 per share in cash, which values the Company at approximately 2.5 billion, including debt to be assumed or refinanced. The revised transaction price represents a 63 premium over Front Yards closing share price on October 16, 2020, the last trading day prior to the date on which the Company entered into the merger agreement. 