NEW YORK--( BUSINESS WIRE )--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) today announced the tax treatment of its common and preferred stock dividends deemed taxable in 2024.
Common Stock Dividends
During 2024, taxable dividends for Rithm Capital’s common stock (CUSIP #64828T201) were approximately $1.00000 per share. The following table summarizes the tax treatment for common stock distributions.
| Record | Pay | Ordinary | Qualified | Section 199A |
Long-Term | Return of |
|||
|---|---|---|---|---|---|---|---|---|---|
| Q1’24 | 04/01/24 | 04/26/24 | Cash | $0.25000 | $0.00533 | $0.24467 | $0.00000 | $0.00000 | $0.25000 |
Series A Cumulative Redeemable Preferred Stock (“Series A”) Dividends
During 2024, taxable dividends for Rithm Capital’s Series A preferred stock (CUSIP #64828T300) were approximately $2.12064 per share. The following table summarizes the tax treatment for the 2024 Series A preferred stock distributions.(2)
| Record | Pay | Ordinary | Qualified | Section 199A |
Long-Term | Return of |
|||
|---|---|---|---|---|---|---|---|---|---|
| Q4’23 | 01/16/24 | 02/15/24 | Cash | $0.46875 | $0.01000 | $0.45875 | $0.00000 | $0.00000 | $0.46875 |
ABOUT RITHM CAPITAL
Rithm Capital (NYSE: RITM) is a global asset manager focused on real estate, credit and financial services. Rithm makes direct investments and operates several wholly-owned operating businesses. Rithm’s businesses include Sculptor Capital Management, Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $5.6 billion in dividends to shareholders. Rithm is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.