Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 168

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 168
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 value of $0.01 per share, in one or more classes or series. 

The following table summarizes our preferred shares outstanding (dollars in thousands, except share and per share amounts):

Number of SharesLiquidation Preference(A)Dividends Declared per ShareMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024Three Months Ended March 31,Series(B)Issuance DiscountCarrying Value(C)20252024Series A, issued July 2019(C)(F)4,200,068 6,200,068 $105,002 $155,002 3.15 %$99,822 $0.64 $0.47 Series B, issued August 2019(C)(F)11,260,712 11,260,712 281,518 281,518 3.15 %272,654 0.63 0.45 Series C, issued February 2020(C)(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(D)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 each of the Company’s 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series A”) and the Company’s 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series B”)