Rithm Capital approves $200M new stock repurchase program

The Company announced that its Board of Directors authorized new stock repurchase programs of up to $200M of shares of the Company’s common stock and up to $100M of shares of the Company’s preferred stock through December 31. The new repurchase programs replace the Company’s previous $200M common stock repurchase program and $100M preferred stock repurchase program, which expired on December 31, 2023.