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Rithm Property Trust 9.875% Series C Fixed to Floating Rate Cumulative Preferred Stock

Coupon is fixed until 5/15/2030 after which it will reset quarterly at the 3 month SOFR plus a fixed spread of 5.56%.

Ticker: RPT-C

Parent Ticker: RPT

OTC Grey Market Temporary Ticker: NA

Issuance Date: 02/28/2025

1st Call Date: 05/15/2030

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 9.875%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.617

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): D

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR