Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 382

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 382
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 from January 1, 2024 through December 31, 2024. The objective of the stock repurchase program is to seek flexibility to return capital when deemed accretive to stockholders. Repurchases can be made from time to time through open market purchases or privately negotiated transactions, pursuant to one or more plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 or by means of one or more tender offers, in each case, as permitted by securities laws and other legal requirements. During the year ended December 31, 2024, the Company did not repurchase any shares of its common stock or its preferred stock. See Note 28 for additional information regarding Rithm Capital’s stock repurchase program for 2025.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 preferred shares:Number of SharesLiquidation Preference(A)Dividends Declared per ShareDecember 31,December 31,Issuance DiscountCarrying Value(B)Year Ended December 31,Series(F)2024202320242023202420232022Series A, issued July 2019(C)(E)6,200,068 6,200,068 $155,002 $155,002 3.15 %$149,822 $2.33 $1.88 $1.88 Series B, issued August 2019(C)(E)11,260,712 11,260,712 281,518 281,518 3.15 %272,654 2.26 1.78 1.78 Series C, 6.375% issued February 2020(C)15,903,342 15,903,342 397,584 397,584 3.15 %385,289 1.59 1.59 1.59 Series D, 7.00% issued September 2021(D)18,600,000 18,600,000 465,000 465,000 3.