Latest news with #RedeemablePreferred
Business Wire
a day ago
- Business
- Business Wire
Rithm Capital Corp. Declares Second Quarter 2025 Common and Preferred Dividends
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, 'Rithm Capital' or the 'Company') announced today that its Board of Directors (the 'Board') has declared second quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the second quarter 2025. The second quarter common stock dividend is payable on July 31, 2025, to shareholders of record on June 30, 2025. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ('Series A'), the Board declared a Series A dividend for the second quarter 2025 of $0.6638017 per share, which reflects a rate of 10.390%. The Series A Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.802%. In accordance with the terms of Rithm Capital's Series B Cumulative Redeemable Preferred Stock ('Series B'), the Board declared a Series B dividend for the second quarter 2025 of $0.6534517 per share, which reflects a rate of 10.228%. The Series B Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.640%. In accordance with the terms of Rithm Capital's Series C Cumulative Redeemable Preferred Stock ('Series C'), the Board declared a Series C dividend for the second quarter 2025 of $0.6105823 per share, which reflects a rate of 9.557%. The Series C Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 4.969%. In accordance with the terms of Rithm Capital's 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ('Series D'), the Board declared a Series D dividend for the second quarter 2025 of $0.4375000 per share. Dividends for the Series A, Series B, Series C and Series D are payable on August 15, 2025, to preferred shareholders of record on August 1, 2025. ABOUT RITHM CAPITAL Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans residential and commercial lending, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors. Source: Rithm Capital Corp.
Yahoo
21-03-2025
- Business
- Yahoo
Rithm Capital Corp. Declares First Quarter 2025 Common and Preferred Dividends
NEW YORK, March 21, 2025--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company") announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series A Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.802%. In accordance with the terms of Rithm Capital's Series B Cumulative Redeemable Preferred Stock ("Series B"), the Board declared a Series B dividend for the first quarter 2025 of $0.6319365 per share, which reflects a rate of 10.225%. The Series B Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.640%. In accordance with the terms of Rithm Capital's Series C Cumulative Redeemable Preferred Stock ("Series C"), the Board declared a Series C dividend for the first quarter 2025 of $0.5904649 per share, which reflects a rate of 9.554%. The Series C Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 4.969%. In accordance with the terms of Rithm Capital's 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series D"), the Board declared a Series D dividend for the first quarter 2025 of $0.4375000 per share. Dividends for the Series A, Series B, Series C and Series D are payable on May 15, 2025, to preferred shareholders of record on May 1, 2025. 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, Inc., 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 $5.8 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 Contacts Rithm Capital Investor Relations(212) 850-7770ir@ Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Regional Health Properties, Inc. Announces Distribution of Common Stock to Holders of its 12.5% Series B Cumulative Redeemable Preferred Shares
Atlanta, GA, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. ('Regional') (NYSE American: RHE) (NYSE American: RHE-PA) announced today that its Board of Directors declared a dividend to the holders of its 12.5% Series B Cumulative Redeemable Preferred Shares (the 'Series B Preferred Stock'), on a pro rata basis in proportion to the number of shares of Series B Preferred Stock held by such holders, of 250,000 shares of the Company's common stock ('Common Stock'), rounded down to the nearest whole share of Common Stock. The dividend will be paid on or about February 19, 2025 to holders of record of the Series B Preferred Stock as of the close of business on February 10, 2025. Regional is required to pay the dividend of Common Stock to such holders of Series B Preferred Stock pursuant to the terms of Regional's Amended and Restated Articles of Incorporation, which governs the terms of the Series B Preferred Stock. The distribution of shares of Common Stock will be made in book entry form, and no physical share certificates of Common Stock will be issued. Series B Preferred Stock shareholders will not be required to pay cash or other consideration for the shares of Common Stock to be distributed to them or to surrender or exchange their shares of Series B Preferred Stock to receive the distribution. About Regional Health Properties Regional Health Properties, Inc., headquartered in Atlanta, Georgia, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit NO OFFER OR SOLICITATION Communications in this press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the 'Securities Act'). ADDITIONAL INFORMATION The proposed merger of SunLink Health Systems, Inc., a Georgia corporation ('SunLink'), with and into Regional, with Regional surviving the merger, will be submitted to both the Regional and SunLink shareholders for their consideration. In connection with the proposed merger, Regional will file a Registration Statement on Form S-4 (the 'Registration Statement') with the SEC that will include a joint proxy statement/prospectus for Regional and SunLink and other relevant documents concerning the proposed merger. INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE CORRESPONDING JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER WHEN IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS, AS THEY WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain a copy of the joint proxy statement/prospectus once filed, as well as other filings containing information about Regional and SunLink, without charge, at the SEC's website ( or by accessing Regional's website ( under the tab 'Investor Relations' or by accessing SunLink's website ( under the tab 'Investors.' Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Investor Relations, Regional Health Properties, Inc., 1050 Crowne Point Parkway, Suite 720, Atlanta, Georgia, 30338, telephone 678-869-5116 or to Investor Relations, SunLink Health Systems, Inc., 900 Circle 75 Parkway, Suite 690, Atlanta, Georgia, 30339, telephone 770-933-7004. Regional and SunLink and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Regional and SunLink in connection with the proposed merger. Information about the directors and executive officers of Regional is set forth in the proxy statement for Regional's 2024 annual meeting of shareholders, as filed with the SEC on Schedule 14A on December 13, 2024, which information may be updated by Regional from time to time in subsequent filings with the SEC. Information about the directors and executive officers of SunLink is set forth in the proxy statement for SunLink's 2024 annual meeting of shareholders, as filed with the SEC on Schedule 14A on June 6, 2024, which information may be updated by SunLink from time to time in subsequent filings with the SEC. Additional information about the interests of those participants and other persons who may be deemed participants in the transaction may also be obtained by reading the joint proxy statement/prospectus relating to the proposed merger when it becomes available. Free copies of this document may be obtained as described above. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can often, but not always, be identified by the use of words like 'believe', 'continue', 'pattern', 'estimate', 'project', 'intend', 'anticipate', 'expect' and similar expressions or future or conditional verbs such as 'will', 'would', 'should', 'could', 'might', 'can', 'may', or similar expressions. These forward-looking statements include, but are not limited to, statements relating to the payment of a Common Stock dividend to holders of Regional's Series B Preferred Stock; the expected timing and benefits of the proposed merger between Regional and SunLink, including future financial and operating results, cost savings, enhanced revenues, and accretion/dilution to reported earnings that may be realized from the merger, as well as other statements of expectations regarding the merger, and other statements of Regional's goals, intentions and expectations; statements regarding Regional's business plan and growth strategies; estimates of Regional's risks and future costs and benefits, whether with respect to the merger or otherwise; and the payment of a cash dividend by SunLink. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: the risk that the businesses of Regional and SunLink will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; customer, vendor and employee relationships and business operations may be disrupted by the merger; the ability to obtain required regulatory approvals or the approvals of Regional's or SunLink's shareholders, and the ability to complete the merger on the expected timeframe; the costs and effects of litigation and the possible unexpected or adverse outcomes of such litigation; the ability of Regional and SunLink to meet the continued listing requirements of the NYSE American LLC and to maintain the listing of securities thereon; possible changes in economic and business conditions; the impacts of epidemics, pandemics or other infectious disease outbreaks; the existence or exacerbation of general geopolitical instability and uncertainty; possible changes in monetary and fiscal policies, and laws and regulations; competitive factors in the healthcare industry; Regional's dependence on the operating success of its operators; the amount of, and Regional's ability to service, its indebtedness; covenants in Regional's debt agreements that may restrict its ability to make investments, incur additional indebtedness and refinance indebtedness on favorable terms; the effect of increasing healthcare regulation and enforcement on Regional's operators and the dependence of Regional's operators on reimbursement from governmental and other third-party payors; the relatively illiquid nature of real estate investments; the impact of litigation and rising insurance costs on the business of Regional's operators; the effect of Regional's operators declaring bankruptcy, becoming insolvent or failing to pay rent as due; the ability of any of Regional's operators in bankruptcy to reject unexpired lease obligations and to impede its ability to collect unpaid rent or interest during the pendency of a bankruptcy proceeding and retain security deposits for the debtor's obligations; Regional's ability to find replacement operators and the impact of unforeseen costs in acquiring new properties; and other risks and factors identified in (i) Regional's cautionary language included under the headings 'Statement Regarding Forward-Looking Statements' and 'Risk Factors' in Regional's Annual Report on Form 10-K for the year ended December 31, 2023, and other documents subsequently filed by Regional with the SEC and (ii) SunLink's cautionary language included under the headings 'Forward-Looking Statements' and 'Risk Factors' in SunLink's Annual Report on Form 10-K for the year ended June 30, 2024, and other documents subsequently filed by SunLink with the SEC. Neither Regional nor SunLink undertake any obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this press release. In addition, Regional's and SunLink's past results of operations do not necessarily indicate either of their anticipated future results, whether the merger is effectuated or not. Regional ContactBrent Morrison, CFAChief Executive Officer & PresidentRegional Health Properties, (404)
Associated Press
30-01-2025
- Business
- Associated Press
Cedar Realty Trust Announces Final Results of Tender Offer
VIRGINIA BEACH, VA / ACCESS Newswire / January 30, 2025 / Cedar Realty Trust, Inc. (NYSE:CDRpB, CDRpC) (the 'Company') today announced the final results of its modified 'Dutch auction' tender offer to repurchase up to an aggregate amount paid of $12.5 million of shares of its outstanding 6.50% Series C Cumulative Redeemable Preferred Stock (the 'Series C Shares') at a price per share not less than $13.75 and not greater than $15.75, which expired at 5:00 P.M., New York City time on January 28, 2025. Based on the final count by Computershare Inc. ('Computershare'), the depositary for the tender offer, an aggregate of 645,276 Series C Shares were properly tendered and not properly withdrawn at or below the final purchase price of $15.75 per share. The Company accepted for purchase all Series C Shares that were properly tendered and not properly withdrawn. The Company will promptly pay for the shares accepted for purchase and return to tendering shareholders any shares tendered and not purchased. The aggregate purchase price for the Series C Shares purchased in the tender offer is approximately $10.16 million, excluding fees and expenses relating to the tender offer. The shares purchased represent approximately 15.3% of the Company's issued and outstanding Series C Shares as of January 30, 2025. The Company may purchase additional Series C Shares in the future. The amount and timing of any such purchases depends on a number of factors, including the availability of cash and/or financing on acceptable terms, the amount and timing of dividend payments, if any, and periods in which the Company is restricted from repurchasing Series C Shares, as well as any decision to use cash for other strategic objectives. Under applicable law, the Company may not repurchase any additional Series C Shares until at least ten business days after the expiration of the tender offer. For all questions relating to the tender offer, please call the information agent, Georgeson LLC, toll-free at (866) 735-3807; banks and brokers may call the depositary, Computershare Inc., at (800) 736-3001. About Cedar Realty Trust, Inc. Cedar Realty Trust, Inc., a wholly-owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a Maryland corporation (taxed as a real estate investment trust) that focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast. The Company's portfolio comprises 16 properties, with approximately 2.4 million square feet of gross leasable area. For additional financial and descriptive information on the Company, its operations and its portfolio, please refer to the Company's website at Contact Information: Cedar Realty Trust, Inc. (757) 627-9088 Cautionary Statement Regarding Forward-Looking Statements This press release contains 'forward-looking statements' that are subject to risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words 'may', 'will', 'should', 'estimates', 'projects', 'anticipates', 'believes', 'expects', 'intends', 'future', and words of similar import, or the negative thereof. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company's control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false. You are cautioned to not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. SOURCE: Cedar Realty Trust, Inc.
