UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*

New Residential Investment Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
64828T201
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of the section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





CUSIP No.
64828T201
 

1
NAME OF REPORTING PERSON
 
FIG LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)     ☐
(b)     ☐
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
37,956,972
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
37,956,972
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,956,972
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%1
12
TYPE OF REPORTING PERSON
OO

1
All percentages of Common Stock contained herein are based on 466,579,920 shares outstanding as of October 29, 2021, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021, plus (i) 22,339,958 shares issuable upon the exercise of certain warrants and (ii) 15,098,469 shares issuable upon the exercise of certain options.


2




CUSIP No.
64828T201
 

1
NAME OF REPORTING PERSON
 
Fortress Operating Entity I LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)     ☐
(b)     ☐
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
37,956,9721
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
37,956,9721
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,956,972
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%
12
TYPE OF REPORTING PERSON
PN, HC

1
Solely in its capacity as the holder of all issued and outstanding shares of FIG LLC.



3



CUSIP No.
64828T201
 

1
NAME OF REPORTING PERSON
 
FIG Corp.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)     ☐
(b)     ☐
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
37,956,9721
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
37,956,9721
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,956,972
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%
12
TYPE OF REPORTING PERSON
CO, HC

1
Solely in its capacity as the general partner of Fortress Operating Entity I LP.



4



CUSIP No.
64828T201
 

1
NAME OF REPORTING PERSON
 
Fortress Investment Group LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)     ☐
(b)     ☐
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
37,956,9721
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
37,956,9721
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,956,972
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%
12
TYPE OF REPORTING PERSON
OO, HC

1
Solely in its capacity as the holder of all issued and outstanding shares of FIG Corp.



5



Item 1(a)
Name of Issuer
The name of the issuer is New Residential Investment Corp. (the “Issuer”).
Item 1(b)
Address of Issuer’s Principal Executive Offices
The Issuer’s principal executive offices are located at: 1345 Avenue of the Americas, 45th Floor, New York, NY 10105.
Item 2(a)
Name of Person Filing
This statement is filed by:

(i)
FIG LLC, a Delaware limited liability company, which: (i) directly holds Common Stock of the Issuer and options to acquire Common Stock of the Issuer; and (ii) indirectly control investment advisors to certain investment funds that hold warrants to acquire Common Stock of the Issuer and may therefore be deemed to beneficial own the Common Stock beneficially owned thereby;

(ii)
Fortress Operating Entity I LP, a Delaware limited partnership, is the holder of all the issued and outstanding shares of FIG LLC and may therefore be deemed to beneficial own the Common Stock beneficially owned thereby;

(iii)
FIG Corp., a Delaware corporation, is the general partner of Fortress Operating Entity I LP and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; and

(iv)
Fortress Investment Group LLC, a Delaware limited liability company, is the holder of all the issued and outstanding shares of FIG Corp. and may therefore be deemed to beneficial own the Common Stock beneficially owned thereby.
The Joint Filing Agreement among the Reporting Persons to file this Amendment No. 1 to Schedule 13G jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, was filed as Exhibit B to Schedule 13G, filed on February 12, 2021, and is incorporated herein by reference.
Item 2(b)
Address of Principal Business Office or, if None, Residence
The address of the principal business office of each Reporting Person is: c/o Fortress Investment Group LLC, 1345 Avenue of the Americas, 46th Floor, New York, NY 10105.
Item 2(c)
Citizenship
See Item 4 of each of the cover pages.
Item 2(d)
Title of Class of Securities
Common Stock, par value $0.01 per share.
Item 2(e)
CUSIP No.
64828T201

6


Item 3.
If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

(a)
☐  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)
☐  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)
☐  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)
☐  Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)
  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)
☐  An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)
  A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

(h)
☐  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)
☐  A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j)
☐  Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4.
Ownership

(a)
Amount Beneficially Owned:  See Item 9 of each of the cover pages.

(b)
Percent of Class:  See Item 11 of each of the cover pages.

(c)
Number of Shares as to which such person has:

(i)
Sole power to vote or direct the vote:  See Item 5 of each of the cover pages.

(ii)
Shared power to vote or direct the vote:  See Item 6 of each of the cover pages.

(iii)
Sole power to dispose or direct the disposition:  See Item 7 of each of the cover pages.

(iv)
Shared power to dispose or direct the disposition:  See Item 8 of each of the cover pages.
Item 5.
Ownership of Five Percent or Less of a Class
Not applicable.
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person
Not applicable.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
See Exhibit A attached.

7



Item 8.
Identification and Classification of Members of the Group
Not applicable.
Item 9.
Notice of Dissolution of Group
Not applicable.
Item 10.
Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.



8



SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  February 11, 2022

 
FIG LLC
   
 
By:  
/s/ David Brooks
   
Name:  David Brooks
   
Title:  Secretary
   
   
 
FORTRESS OPERATING ENTITY I LP
   
 
By:
FIG CORP., its general partner
     
 
By:
/s/ David Brooks
   
Name:  David Brooks
   
Title:  Secretary
   
   
 
FIG CORP.
   
 
By:
/s/ David Brooks
   
Name:  David Brooks
   
Title:  Secretary
   
   
 
FORTRESS INVESTMENT GROUP LLC
   
 
By:
/s/ David Brooks
   
Name:  David Brooks
   
Title:  Secretary


9
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