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Rithm Property Trust Announces Tax Treatment of 2024 Dividends

1. RPT announces tax treatment for its 2024 common stock distributions. 2. Common stock distributions for 2024 total $0.28000 per share. 3. Distributions primarily consist of return of capital with no ordinary dividend. 4. Investors advised to consult tax advisors for treatment clarity. 5. RPT shifting focus towards flexible commercial real estate strategy.

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FAQ

Why Neutral?

The announcement mainly concerns tax treatment and distribution structure, unlikely to sway price.

How important is it?

While informative, tax treatment does not signal dramatic shifts in RPT's fundamentals.

Why Short Term?

Short-term implications as investors reassess tax impacts on distributions.

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RITM
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust (NYSE:RPT, “RPT” or the “Company”) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust’s common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions. Record Date Pay Date Form Ordinary Dividend Qualified Dividend Section 199A Dividend Long-Term Capital Gain Return of Capital Total Q1’24 03/15/24 03/29/24 Cash $0.00000 $0.00000 $0.00000 $0.00000 $0.10000 $0.10000 Q2’24 05/15/24 05/30/24 Cash $0.00000 $0.00000 $0.00000 $0.00000 $0.06000 $0.06000 Q3’24 08/15/24 08/30/24 Cash $0.00000 $0.00000 $0.00000 $0.00000 $0.06000 $0.06000 Q4’24 11/15/24 11/29/24 Cash $0.00000 $0.00000 $0.00000 $0.00000 $0.06000 $0.06000 The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their shares of Rithm Property Trust. About Rithm Property Trust Inc. Rithm Property Trust is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). Rithm Property Trust has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with its recent strategic transaction with Rithm Capital, the Company is transitioning to a flexible commercial real estate focused investment strategy. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.

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