IPO - Great Ajax Corp.

Form Type: 424B5

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: New

Accession Number: 000110465925019248

Filing Summary: Rithm Property Trust Inc. is offering 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock at a price of $25.00 per share, aggregating to $50,000,000. The shares will pay cumulative cash dividends at a fixed rate of 9.875% until May 15, 2030, after which the dividends will be at a floating rate. The offering aims to list the Series C Preferred Stock on the NYSE under the symbol 'RPTP'. This is the original issuance, and the offering is underwritten by a syndicate of underwriters. The document outlines the rights of shareholders, including a special optional redemption provision and conversion rights upon Change of Control, while also indicating the potential risks involved in investment. The anticipated delivery date of the shares is March 4, 2025, and details on market and tax status are included as well.

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