New Residential Investment Corp 7.50% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Date Issued  6/25/2019

Shares Issued  5,400,000 Overallotment Shares 810,000

Security Ticker Symbol   NRZ-A  OTC Temp Ticker – NRXPP

Market Traded On   NYSE

Dividend Payment Paid on the 15th of  February, May, August and November beginning on 11/15/2019

Quarterly Dividend   .4688  Annual Dividend   1.875

Beginning 8/15/2024 the coupon will float at the rate of 3 month Libor plus a fixed base of 5.802%

Securities may be redeemed, at the issuers option, as early as 8/15/2024 for a redemption price of $25/share plus accrued dividends.

Dividend Payment Will NOT BE  a Qualified Distribution–preferred stock of REITs do not pay qualified dividends.

Maturity Date   None

Click here to find the offering Prospectus and/or Final Pricing Document