Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 362

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 362
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2024. If our assumptions about our liquidity prove to be incorrect, we could be subject to a shortfall in liquidity in the future, and such a shortfall may occur rapidly and with little or no notice, which could limit our ability to address the shortfall on a timely basis and could have a material adverse effect on our business.

107

Stockholders’ Equity

Preferred Stock

Pursuant to our certificate of incorporation, we are authorized to designate and issue up to 100.0 million shares of preferred stock, par 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)Car