Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 33

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 33
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) of 14%, a GAAP return on average equity (“ROE”) of 14% (e) and an EAD ROE (c)(e) of 17%; • Increased our Book Value (f) , ending the year with a book value of $12.56 per common share, after our quarterly dividend payouts, approximately a 6% increase from the end of 2023; • Preserved Liquidity in a Challenging Market , maintaining $1.6 billion of total cash and liquidity (g) as of December 31, 2024 through a volatile market; and • Delivered Superior Performance on a Relative Basis , generating a total economic return (d) of 14%, compared to an average total economic return of 9% for similar financial services competitors. Key strategic accomplishments for our management team during 2024 included: • Diversified Rithm Capital’s Portfolio , deploying $2 billion of capital while maintaining an average of approximately $1.8 billion of total cash and liquidity (g) through the year: • Issued $775.0 million aggregate principal amount of Senior Unsecured Notes due 2029 and completed a tender offer of 50% of the Company’s outstanding $550.0 million aggregate principal amount of Senior Unsecured Notes due 2025; • Raised $342.9 million from the issuance of 30 million shares of common stock in a public offering; • Broadened financings and portfolio of assets , entering into transactions such as (i) an investment in a notable mortgage warehouse credit risk transfer transaction, (ii) commercial real estate (“CRE”) transactions, (iii) a $461 million secured financing backed by mortgage servicing rights (“MSRs”), which was a first-of-its-kind non-recourse term financing of MSRs and (iv) the first and second ever rated residential transitional loan securitizations; • Completed & Successfully Integrated the Acquisition of Specialized Loan Servicing LLC (“SLS”) , significantly expanding our mortgage company’s subservicing and special servicing portfolio: • Added $56.0 billion in UPB of MSRs and $98.0 billion in UPB of third-party and other servicing , further expanding our mortgage company’s third-party servicing franchise; • Boarded approximately 750,000 loans on to the Newrez system within a four-month period with no material disruptions; • Utilized novel transaction structure in order to efficiently navigate regulatory approvals and minimize customer disruption; • Focused on the Management of Sculptor , generating strong