Rithm Capital Corp Preferred Series C (RITM_pc)

Rithm Capital Corp. Preferred Series C is a preferred stock issue associated with Rithm Capital Corp., a New York-based real estate investment trust and asset manager. The issuer focuses on real estate, credit, and financial services in the United States and operates through Origination and Servicing, Residential Transitional Lending, and Asset Management and Investment Portfolio. Its investment portfolio includes single-family rental properties, residential mortgage loans, collateralized loan obligations, consumer loans, excess mortgage servicing rights, servicer advance investments, title and appraisal businesses, property preservation and maintenance businesses, and other related investments. Rithm Capital also provides government-sponsored enterprise and government-guaranteed loans, non-GSE and non-government-guaranteed loans, and residential transitional lending. Formerly known as New Residential Investment Corp., the company adopted its current name in August 2022 and was incorporated in 2011. As a REIT, it generally seeks to maintain tax treatment by distributing at least 90% of taxable income to stockholders.

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