Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 298

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 298
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 Series B preferred shares equal to a three-month CME SOFR, plus a spread adjustment of 0.261%, plus a spread of 5.640%.(G)Effective February 15, 2025, dividends on the Series C accumulate at a floating rate. For the first quarter 2025 dividends, the Series C accrued dividends at a percentage of the $25.00 liquidation preference per share of the Series C equal to a three-month CME SOFR, plus a spread adjustment of 0.261%, plus a spread of 4.969%. (H)The Company redeemed 2.0 million shares on the redemption date of March 28, 2025.On March 21, 2025, Rithm Capital’s board of directors declared first quarter 2025 preferred dividends of $0.64 per share of Series A, $0.63 per share of Series B, $0.59 per share of Series C and $0.44 per share of Series D cumulative redeemable preferred stock, or approximately $2.7 million, $7.1 million, $9.4 million and $8.1 million, respectively.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

Common dividends have been declared as follows:Per ShareDeclaration DatePayment DateQuarterly DividendTotal Amounts Distributed (millions)March 20, 2024April 2024$0.25 $120.9 June 18, 2024July 20240.25 122.4 September 20, 2024November 20240.25 129.9 December 16, 2024January 20250.25 130.2 March 21, 2025April 20250.25 132.5 Warrants of Consolidated SPACAt the time of IPO in February 2025, the SPAC issued 220,000 warrants to the Sponsor and 7,666,667 warrants to third parties. The warrants become exercisable 30 days after the consummation of a Business Combination (as defined in the Warrant Agreement) and will expire five years following such consummation, or earlier upon redemption or liquidation. The initial exercise price per share of each warrant is $11.50. The warrants