Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 205

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 205
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200,068 $155,002 $155,002 3.15 %$149,822 $2.33 $1.88 $1.88 Series B, issued August 2019(C)(E)11,260,712 11,260,712 281,518 281,518 3.15 %272,654 2.26 1.78 1.78 Series C, 6.375% issued February 2020(C)15,903,342 15,903,342 397,584 397,584 3.15 %385,289 1.59 1.59 1.59 Series D, 7.00% issued September 2021(D)18,600,000 18,600,000 465,000 465,000 3.15 %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 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”) accrue 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%, respectively, and dividends on