Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 202

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 202
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 per share of Series A, $0.65 per share of Series B, $0.60 per share of Series C and $0.44 per share of Series D cumulative redeemable preferred stock, or approximately $2.8 million, $7.3 million, $9.6 million and $8.1 million, respectively.Common dividends have been declared as follows:Per ShareDeclaration DatePayment DateQuarterly DividendTotal Amounts Distributed (millions)March 20, 2024April 2024$0.25 $120.9 June 18, 2024July 20240.25 122.4 September 20, 2024November 20240.25 129.9 December 16, 2024January 20250.25 130.2 March 21, 2025April 20250.25 132.5 June 18, 2025July 20250.25 132.6 September 17, 2025October 20250.25 138.5 

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

Warrants of Consolidated SPACAt the time of IPO in February 2025, the SPAC issued 220,000 warrants to the Sponsor and 7,666,667 warrants to third parties. The warrants become exercisable 30 days after the consummation of a Business Combination (as defined in the Warrant Agreement) and will expire five years following such consummation, or earlier upon redemption or liquidation. The initial exercise price per share of each warrant is $11.50. The warrants are subject to other customary terms common for instruments of this type. The Company eliminates the SPAC warrants it holds in consolidation. Such warrants are indexed to the SPAC's Class A ordinary shares and meet conditions for equity classification. Accordingly, the SPAC warrants are classified as equity and accounted for as a component of additional paid-in capital at the time of issuance on the Company's consolidated balance sheets.Earnings Per ShareRithm Capital is required to present both basic and diluted earnings per share (“EPS”). Basic EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted EPS is calculated using the treasury stock method by dividing net