CORRECTING and REPLACING Rithm Capital Corp. Declares Third Quarter 2024 Common and Preferred Dividends
07 Octubre 2024 - 5:10PM
Business Wire
Please replace the release dated September 20, 2024 with the
following corrected version due to revisions to the Series A and
Series B Cumulative Redeemable Preferred Stock dividend
amounts.
The updated release reads:
RITHM CAPITAL CORP. DECLARES THIRD QUARTER
2024 COMMON AND PREFERRED DIVIDENDS
Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the
“Company”) announced today that its Board of Directors (the
“Board”) has declared third quarter 2024 common and preferred stock
dividends.
Common Stock Dividend
The Board declared a dividend of $0.25 per share of common stock
for the third quarter 2024. The third quarter common stock dividend
is payable on November 1, 2024, to shareholders of record on
October 1, 2024.
Preferred Stock Dividends
In accordance with the terms of Rithm Capital’s Series A
Cumulative Redeemable Preferred Stock (“Series A”), the Board
declared a Series A dividend for the third quarter 2024 of
$0.71438639 per share, which reflects a rate of 11.182%. The Series
A Preferred Stock accrue dividends at a floating rate equal to
three-month LIBOR plus a spread of 5.802%.
In accordance with the terms of Rithm Capital’s Series B
Cumulative Redeemable Preferred Stock (“Series B”), the Board
declared a Series B dividend for the third quarter 2024 of
$0.70403639 per share, which reflects a rate of 11.020%. The Series
A Preferred Stock accrue dividends at a floating rate equal to
three-month LIBOR plus a spread of 5.640%.
In accordance with the terms of Rithm Capital’s 6.375% Series C
Cumulative Redeemable Preferred Stock (“Series C”), the Board
declared a Series C dividend for the third quarter 2024 of
$0.3984375 per share.
In accordance with the terms of Rithm Capital’s 7.00% Series D
Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series
D”), the Board declared a Series D dividend for the third quarter
2024 of $0.4375000 per share.
Dividends for the Series A, Series B, Series C and Series D are
payable on November 15, 2024, to preferred shareholders of record
on October 15, 2024.
ABOUT RITHM CAPITAL
Rithm Capital is a global asset manager focused on real estate,
credit and financial services. Rithm Capital makes direct
investments and operates several wholly-owned operating businesses.
Rithm Capital’s businesses include Sculptor Capital Management,
Inc., an alternative asset manager, as well as Newrez LLC and
Genesis Capital LLC, leading mortgage origination and servicing
platforms. Rithm Capital seeks to generate attractive risk-adjusted
returns across market cycles and interest rate environments. Since
inception in 2013, Rithm Capital has delivered approximately $5.4
billion in dividends to shareholders. Rithm is organized and
conducts its operations to qualify as a real estate investment
trust (REIT) for federal income tax purposes and is headquartered
in New York City.
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version on businesswire.com: https://www.businesswire.com/news/home/20240920858613/en/
Rithm Capital Investor Relations (212) 850-7770
ir@rithmcap.com
Media Sarah Salky / Erik Carlson Joele Frank, Wilkinson
Brimmer Katcher (212) 355-4449 ritm-jf@joelefrank.com
Rithm Capital (NYSE:RITM)
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