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Rithm Capital Corp. Announces Treatment of 2024 Taxable Dividends

Published a day ago via 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

 

 

Date

Date(1)

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q1’24

04/01/24

04/26/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q2’24

07/01/24

07/26/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q3’24

10/01/24

11/01/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q4’24

12/31/24

01/31/25

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

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q1’24

04/15/24

05/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q2’24

07/15/24

08/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q3’24

10/15/24

11/15/24

Cash

$0.71439

$0.01524

$0.69915

$0.00000

$0.00000

$0.71439

Series B Cumulative Redeemable Preferred Stock (“Series B”) Dividends

During 2024, taxable dividends for Rithm Capital’s Series B preferred stock (CUSIP #64828T409) were approximately $2.03997 per share. The following table summarizes the tax treatment for the 2024 Series B preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section

199A

Long-Term

Return

of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q1’24

04/15/24

05/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q2’24

07/15/24

08/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q3’24

10/15/24

11/15/24

Cash

$0.70404

$0.01501

$0.68900

$0.00000

$0.00000

$0.70404

6.375% Series C Cumulative Redeemable Preferred Stock (“Series C”) Dividends

During 2024, 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 2024 Series C preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section

199A

Long-Term

Return

of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q1’24

04/15/24

05/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q2’24

07/15/24

08/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q3’24

10/15/24

11/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

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

During 2024, 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 2024 Series D preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section

199A

Long-Term

Return

of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q1’24

04/15/24

05/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q2’24

07/15/24

08/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q3’24

10/15/24

11/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$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 Q4’24 common distribution is being treated as received by stockholders and taxable in 2024.

(2)

The Q4’24 preferred stock distribution is being treated as received by stockholders and taxable in 2025.

(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 (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.

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