Rithm Capital Corp (RITM)

[ciciagt]

$50 million secondary to fund Citi deal. Preluminary prospectus Aug 2016; subject to completion dated Jan 30, 2017
"USE OF PROCEEDS
We estimate that the net proceeds from our sale of common stock in this offering will be approximately $ (or $ if the underwriters exercise their option to purchase additional shares of our common stock in full), after deducting the expenses of this offering and the underwriting discount. We intend to use the net proceeds from our sale of common stock in this offering to fund a portion of the purchase price for the Citi Transaction, to make additional investments and for general corporate purposes. An affiliate of one of the underwriters for this offering is the seller in the Citi Transaction."
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11807232&RcvdDate=1/30/2017&CoName=NEW%20RESIDENTIAL%20INVESTMENT%20CORP.&FormType=424B5&View=orig