Company: RITM-PC
Filing Date: 2025-08-01
Form Type: S-3ASR
Source: 0001140361-25-028270
Chunk: 75

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: S-3ASR
Chunk 75
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 arose or by making use of relief provisions described below. No assurance can be given that we would qualify for relief under those provisions. Annual Distribution Requirements In order to qualify as a REIT, we are required to distribute dividends, other than capital gain dividends, to our stockholders in an amount at least equal to:

| (a) | the sum of 90% of our “REIT taxable income,” computed without regard to our net capital gains and the deduction for dividends paid, and |

| (b) | 90% of our net income, if any, (after tax) from foreclosure property (as described below), minus the sum of specified items of non-cash income. |

We generally must make these distributions in the taxable year to which they relate, or in the following taxable year if declared before we timely file our tax return for the year and if paid with or before the first regular dividend payment after such declaration. In addition, any dividend declared by us in October, November, or December of any year and payable to a stockholder of record on a specified date in any such month will be treated as both paid by us and received by the stockholder on December 31 of such year, so long as the dividend is actually paid by us before the end of January of the next calendar year. If we cease to be a “ publicly offered REIT,” then in order for distributions to be counted as satisfying the annual distribution requirement, and to give rise to a tax deduction for us, the distributions must not be “preferential dividends.” A dividend is not a preferential dividend if the distribution is (1) pro rata among all outstanding shares of stock within a particular class, and (2) in accordance with the preferences among different classes of stock as set forth in our organizational documents. To the extent that we distribute at least 90%, but less than 100%, of our “ REIT taxable income,” as adjusted, we will be subject to tax at ordinary corporate tax rates on the retained portion. We may elect to retain, rather than distribute, our net long-term capital gains and pay tax on such gains. In this case, we could elect for our stockholders to include their proportionate shares of such undistributed long-term capital gains in income, and to receive a corresponding credit for their share of the tax that we paid. Our stockholders would then increase their adjusted basis of their stock by the difference between (a) the amounts of capital gain dividends that we designated and that they include in their taxable income,