Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 383

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 383
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15 %449,489 1.75 1.75 1.75 Total51,964,122 51,964,122 $1,299,104 $1,299,104 $1,257,254 $7.93 $7.00 $7.00 (A)Each series has a liquidation preference or par value of $25.00 per share.(B)Carrying value reflects par value less discount and issuance costs.(C)Fixed-to-floating rate cumulative redeemable preferred.(D)Fixed-rate reset cumulative redeemable preferred.(E)Effective August 15, 2024, dividends on the Series A and Series B accumulate at a floating rate. For the third and fourth quarter 2024 dividends, the Series A accrued dividends at a percentage of the $25.00 liquidation preference per share of the Series A equal to, prior to September 30, 2024, a floating rate of a three-month London Interbank Offered Rate (“LIBOR”) plus a spread of 5.802% and, after September 30, 2024, a three-month Chicago Mercantile Exchange (“CME”) SOFR, plus a spread adjustment of 0.261%, plus a spread adjustment of 5.802% and dividends on the Series B accumulated at a percentage of the $25.00 liquidation preference per share of the Series B preferred shares equal to, prior to September 30, 2024, a floating rate of a three-month LIBOR plus a spread of 5.640% and, after September 30, 2024, a three-month CME SOFR, plus a spread adjustment of 0.261%, plus a spread of 5.640%, respectively.(F)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.On December 16, 2024, Rithm Capital’s board of directors declared fourth quarter 2024 preferred dividends of $0.68 per share of Series A, $0.67 per share of Series B, $0.40 per share of Series C and $0.44 per share of Series D cumulative redeemable preferred stock, or approximately $4.2 million, $7.5 million, $6.3 million and $8.1 million, respectively.

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RITHM CAPITAL CORP. AND SUBSIDIAR