other_material
confidence high
sentiment neutral
materiality 0.70
Rithm Capital designates 8.75% Series E Preferred Stock with $25/share liquidation preference
Rithm Capital Corp.
- Filed Certificate of Designations for 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock, 8.74M shares authorized.
- Liquidation preference $25.00 per share; cumulative quarterly dividends at 8.750% per annum.
- Not redeemable before November 15, 2030, except for REIT qualification or Change of Control; after that redeemable at $25.00 per share.
- No stated maturity, no sinking fund; holders have limited voting rights and Change of Control conversion rights.
- REIT ownership restrictions apply; ranks senior to common stock for dividends and liquidation.
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