secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Property Trust Inc. (RPT)
CIK:        0001614806
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001104659-25-020414
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rithm Property Trust closes $50M preferred stock offering (2M shares, 9.875% fixed-to-floating rate)
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- Issued 2M shares of 9.875% Fixed-to-Floating Rate Series C Preferred Stock at $25 liquidation preference per share.
- Underwriters have 30-day option to purchase up to 300,000 additional shares.
- Dividends fixed at 9.875% through May 15, 2030; thereafter float at 3-month SOFR + 5.56%.
- Proceeds contributed to Operating Partnership for Series C Preferred Units; used for investments and working capital.
- Amendment to partnership agreement authorizes up to 2.3M Series C Preferred Units mirroring stock terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614806/000110465925020414/0001104659-25-020414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614806/000110465925020414/tm258189d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-020414

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