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New Residential hits the capital raise button

Aug. 10, 2016 4:30 PM ETRithm Capital Corp. (RITM) StockRITMBy: Stephen Alpher, SA News Editor72 Comments
  • The company is selling 20M shares, with underwriter greenshoe for another 3M shares. Proceeds will be used to help fund yesterday's announced $514M in MSR purchases from Walter Investment.
  • NRZ -2.6% after hours to $14.10.

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