Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 107

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 107
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 of its 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for $50.0 million at a redemption price equal to $25.00 per share plus accumulated and unpaid distributions.On September 24, 2024, in a public offering, Rithm Capital issued 30.0 million shares of its common stock at a par value of $0.01 per share for gross proceeds of $340.2 million, before deducting estimated offering costs.  Purchases and sales of Rithm Capital’s securities by the Company’s officers and directors are subject to the Rithm Capital Corp. Insider Trading Compliance Policy.The table below summarizes the Company’s outstanding preferred shares:Number of SharesLiquidation Preference(A)Dividends Declared per ShareMarch 31,2025December 31,2024March 31,2025December 31,2024Issuance DiscountCarrying Value(C)Three Months Ended March 31,Series(B)20252024Series A, issued July 2019(D)(F)(H)4,200,068 6,200,068 $105,002 $155,002 3.15 %$99,822 $0.64 $0.47 Series B, issued August 2019(D)(F)11,260,712 11,260,712 281,518 281,518 3.15 %272,654 0.63 0.45 Series C, issued February 2020(D)(G)15,903,342 15,903,342 397,584 397,584 3.15 %385,289 0.59 0.40 Series D, 7.00% issued September 2021(E)18,600,000 18,600,000 465,000 465,000 3.15 %449,489 0.44 0.44 Total49,964,122 51,964,122 $1,249,104 $1,299,104 $1,207,254 $2.30 $1.76 (A)Each series has a liquidation preference or par value of $25.00 per share.(B)Under certain circumstances upon a change of control, our Series A, Series B, Series C and Series D are convertible to shares of our common stock.(C)