Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 66

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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, 2025, the Board approved a debt repurchase program granting the Company authority to repurchase up to $5.0 million aggregate principal amount of the Company’s 2029 Notes during the following six months. The actual timing and amount of any repurchases under the plan will be determined by the Company in its discretion, and will depend on a number of factors, including market conditions, applicable legal requirements, the Company's capital needs and whether there is a better alternative use of capital. The Company has no obligation to repurchase any amount of its debt securities under this debt repurchase program. Pursuant to the debt repurchase program, the Company repurchased 2,700 shares of its 2029 8.50% Notes on September 22, 2025. 

F-53

Dividends and DistributionsPreferred StockThe Company’s dividends and distributions on its Preferred Stock are recorded on the declaration date. The following table summarizes dividend declarations and distributions on the Series A and Series B Preferred Stock during the nine months ended September 30, 2025 and 2024:Date DeclaredSeries1Record DatePayment DateAmount Per ShareCash DistributionNine months ended September 30, 2025March 31, 2025AMarch 30, 2025April 1, 2025$20.00 $400 June 30, 2025AJune 30, 2025July 1, 2025$20.00 $400 September 29, 2025BSeptember 29, 2025October 1, 2025$9.44 2$472 2Nine months ended September 30, 2024March 19, 2024AMarch 28, 2024April 1, 2024$20.00 $400 June 27, 2024AJune 28, 2024July 1, 2024$20.00 $400 September 16, 2024ASeptember 30, 2024October 1, 2024$20.00 $400 1    Series A Preferred Stock exchanged for Common Stock and cash on September 16, 2025.    2    Prorated for the initial dividend period from the date of the issuance of the Series B preferred stock on August 20, 2025.

Common Stock

The Company’s dividends and distributions on the Common Stock are recorded on the