Rithm Capital's 8.75% Series F Preferred Stock Issuance: A Catalyst for Capital and Income Profile Reshaping?

Rithm Capital Corp. has completed a US$250,000,000 underwritten public offering of 10,000,000 shares of 8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock at a US$25.00 liquidation preference per share. This new preferred stock raises permanent, coupon-bearing capital that ranks ahead of common equity and is intended to fund investments and general corporate purposes. The issuance does not appear to change the near-term reliance on interest rate conditions as the key catalyst or funding and refinancing risk as a central concern.