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Rithm Capital (New Rez) 7.125% Series B 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 5.640%

Ticker: RITM-B

Parent Ticker: RITM

OTC Grey Market Temporary Ticker: NRZEP

Issuance Date: 08/08/2019

1st Call Date: 08/15/2024

Maturity Date: None

Shares Issued: 10,000,000

Overallotment Shares: 1,500,000

Coupon: 7.125%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4453

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