Rithm Capital Corp (RITM)

[Enterprising Investor]

It is just a slightly watered down version from the 10-Q.

New Residential has elected and intends to qualify to be taxed as a REIT for U.S. federal income tax purposes. As such, New Residential will generally not be subject to U.S. federal corporate income tax on that portion of its net income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements.

I am also confident that REIT taxable income for the year will be higher than $2.23 per basic share. However, there is no way to accurately predict the number.

I hope this clarifies my thoughts.

Happy Thanksgiving!