Rithm Capital Amends Bylaws to Issue New Series E Preferred Stock
Reuters
Sep 26
Rithm Capital Amends Bylaws to Issue New Series E Preferred Stock
Rithm Capital Corp. announced amendments to its bylaws following the designation of 8,740,000 shares of 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock. The new Series E Preferred Stock features a $25.00 per share liquidation preference, quarterly cumulative dividends, and redemption rights beginning November 15, 2030. The preferred shares also grant limited voting rights under certain conditions, such as missed dividend payments or a change of control.
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