Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Rithm Capital (New Rez) 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.

Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.802%

Ticker: RITM-A

Parent Ticker: RITM

OTC Grey Market Temporary Ticker: NRXPP

Issuance Date: 06/25/2019

1st Call Date: 08/15/2024

Maturity Date: None

Shares Issued: 5,400,000

Overallotment Shares: 810,000

Coupon: 7.50%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4688

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 15

S&P Rating: NR

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

Moody Rating: NR

Fitch Rating: NR