Rithm Capital Corp. Announces Treatment of 2023 Taxable Dividends

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 2023.

Common Stock Dividends

During 2023, taxable dividends for Rithm Capital’s common stock (CUSIP #64828T201) were approximately $1.25000 per share. The following table summarizes the tax treatment for common stock distributions.

Record

Pay

Ordinary

Qualified

Section 199A

Long-Term

Return of

Date

Date(1)

Form

Dividend

Dividend(2)

Dividend(3)

Capital Gain

Capital

Total

Q4’22

12/30/22

01/27/23

Cash

$0.25000

$0.00000

$0.25000

$0.00000

$0.25000

Q1’23

03/31/23

04/28/23

Cash

$0.25000

$0.00000

$0.25000

$0.00000

$0.25000

Q2’23

07/03/23

07/28/23

Cash

$0.25000

$0.00000

$0.25000

$0.00000

$0.25000

Q3’23

09/29/23

10/27/23

Cash

$0.25000

$0.00000

$0.25000

$0.00000

$0.25000

Q4’23

12/29/23

01/26/24

Cash

$0.25000

$0.00000

$0.25000

$0.00000

$0.25000

7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series A”) Dividends

During 2023, taxable dividends for Rithm Capital’s Series A preferred stock (CUSIP #64828T300) were approximately $1.87500 per share. The following table summarizes the tax treatment for the 2023 Series A preferred stock distributions.

Record

Pay

Ordinary

Qualified

Section 199A

Long-Term

Return of

Date

Date(1)

Form

Dividend

Dividend(2)

Dividend(3)

Capital Gain

Capital

Total

Q4’22

01/13/23

02/15/23

Cash

$0.46875

$0.00000

$0.46875

$0.00000

$0.46875

Q1’23

04/14/23

05/15/23

Cash

$0.46875

$0.00000

$0.46875

$0.00000

$0.46875

Q2’23

07/17/23

08/15/23

Cash

$0.46875

$0.00000

$0.46875

$0.00000

$0.46875

Q3’23

10/16/23

11/15/23

Cash

$0.46875

$0.00000

$0.46875

$0.00000

$0.46875

7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series B”) Dividends

During 2023, taxable dividends for Rithm Capital’s Series B preferred stock (CUSIP #64828T409) were approximately $1.78124 per share. The following table summarizes the tax treatment for the 2023 Series B preferred stock distributions.

Record

Pay

Ordinary

Qualified

Section 199A

Long-Term

Return of

Date

Date(1)

Form

Dividend

Dividend(2)

Dividend(3)

Capital Gain

Capital

Total

Q4’22

01/13/23

02/15/23

Cash

$0.44531

$0.00000

$0.44531

$0.00000

$0.44531

Q1’23

04/14/23

05/15/23

Cash

$0.44531

$0.00000

$0.44531

$0.00000

$0.44531

Q2’23

07/17/23

08/15/23

Cash

$0.44531

$0.00000

$0.44531

$0.00000

$0.44531

Q3’23

10/16/23

11/15/23

Cash

$0.44531

$0.00000

$0.44531

$0.00000

$0.44531

6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series C”) Dividends

During 2023, taxable dividends for Rithm Capital’s Series C preferred stock (CUSIP #64828T508) were approximately $1.59376 per share. The following table summarizes the tax treatment for the 2023 Series C preferred stock distributions.

Record

Pay

Ordinary

Qualified

Section 199A

Long-Term

Return of

Date

Date(1)

Form

Dividend

Dividend(2)

Dividend(3)

Capital Gain

Capital

Total

Q4’22

01/13/23

02/15/23

Cash

$0.39844

$0.00000

$0.39844

$0.00000

$0.39844

Q1’23

04/14/23

05/15/23

Cash

$0.39844

$0.00000

$0.39844

$0.00000

$0.39844

Q2’23

07/17/23

08/15/23

Cash

$0.39844

$0.00000

$0.39844

$0.00000

$0.39844

Q3’23

10/16/23

11/15/23

Cash

$0.39844

$0.00000

$0.39844

$0.00000

$0.39844

7.00% Series D Fixed Rate Reset Cumulative Redeemable Preferred Stock (“Series D”) Dividends

During 2023, taxable dividends for Rithm Capital’s Series D preferred stock (CUSIP #64828T706) were approximately $1.75000 per share. The following table summarizes the tax treatment for the 2023 Series D preferred stock distributions.

Record

Pay

Ordinary

Qualified

Section 199A

Long-Term

Return of

Date

Date(1)

Form

Dividend

Dividend(2)

Dividend(3)

Capital Gain

Capital

Total

Q4’22

01/13/23

02/15/23

Cash

$0.43750

$0.00000

$0.43750

$0.00000

$0.43750

Q1’23

04/14/23

05/15/23

Cash

$0.43750

$0.00000

$0.43750

$0.00000

$0.43750

Q2’23

07/17/23

08/15/23

Cash

$0.43750

$0.00000

$0.43750

$0.00000

$0.43750

Q3’23

10/16/23

11/15/23

Cash

$0.43750

$0.00000

$0.43750

$0.00000

$0.43750

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 Capital.

(1)

The Q4’22 and Q4’23 common distributions are being treated as received by stockholders and taxable in 2023.

(2)

The Q4’23 preferred distribution is being treated as received by stockholders and taxable in 2024.

(3)

Qualified Dividend is a subset of, and included in, the Ordinary Dividend amount.

(4)

Section 199A Dividend is a subset of, and included in, the Ordinary Dividend amount.

ABOUT RITHM CAPITAL

Rithm Capital 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, an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm Capital seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $5 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240129318620/en/

Investor Relations 212-850-7770 IR@rithmcap.com

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