Rithm Capital Corp. Declares Fourth Quarter 2024 Common and Preferred Dividends

NEW YORK--(BUSINESS WIRE)--December 16, 2024-- 

Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company") announced today that its Board of Directors (the "Board") has declared fourth 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 fourth quarter 2024. The fourth quarter common stock dividend is payable on January 31, 2025, to shareholders of record on December 31, 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 fourth quarter 2024 of $0.6763961 per share, which reflects a rate of 10.587%. The Series A Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) 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 fourth quarter 2024 of $0.6660461 per share, which reflects a rate of 10.425%. The Series B Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.640%.

In accordance with the terms of Rithm Capital's 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"), the Board declared a Series C dividend for the fourth quarter 2024 of $0.3984375 per share.

In accordance with the terms of Rithm Capital's 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series D"), the Board declared a Series D dividend for the fourth quarter 2024 of $0.4375000 per share.

Dividends for the Series A, Series B, Series C and Series D are payable on February 18, 2025, to preferred shareholders of record on February 1, 2025 (with an effective record date of January 31, 2025).

ABOUT RITHM CAPITAL

Rithm Capital is a global asset manager focused on real estate, credit and financial services. Rithm makes direct investments and operates several wholly-owned operating businesses. Rithm'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 has delivered approximately $5.6 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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    CONTACT:    Rithm Capital 

Investor Relations

(212) 850-7770

ir@rithmcap.com

(END) Dow Jones Newswires

December 16, 2024 16:33 ET (21:33 GMT)