Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 297

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 297
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 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)Carrying value reflects par value less discount and issuance costs.(D)Fixed-to-floating rate cumulative redeemable preferred.(E)Fixed-rate reset cumulative redeemable preferred.(F)Effective August 15, 2024, dividends on the Series A and Series B accumulate at a floating rate. For the first quarter 2025 dividends, the Series A accrued dividends at a percentage of the $25.00 liquidation preference per share of the Series A equal to a three-month Chicago Mercantile Exchange (“CME”) SOFR, plus a spread adjustment of 0.261%, plus a spread of 5.802% and dividends on the Series B accumulated at a percentage of the $25.00 liquidation preference per share of the