other material
confidence high
sentiment neutral
materiality 0.35
Rithm Capital designates 11.5M shares of 8.750% Series F Fixed-Rate Reset Preferred Stock
Rithm Capital Corp.
- Certificate of Designations filed Jan 21, 2026 for 11,500,000 Series F preferred shares; liquidation preference $25.00/share.
- Dividend rate 8.750% p.a. until Feb 15, 2031, then resets to 5-year Treasury rate plus 5.009% p.a.
- Not redeemable before Feb 15, 2031 except for REIT preservation or Change of Control; thereafter redeemable at $25.00 plus accrued dividends.
- Holders have limited voting rights only if dividends unpaid for six or more quarterly periods; ranks senior to common stock.
- No stated maturity; shares may be converted into common upon a Change of Control under specified conditions.