SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

These financial statements include a discussion of material events that have occurred subsequent to June 30, 2023 through the issuance of these Consolidated Financial Statements. Events subsequent to that date have not been considered in these financial statements.

On July 23, 2023, Rithm Capital and certain of its affiliates entered into an Agreement and Plan of Merger (including the schedules and exhibits thereto, the “Merger Agreement) with Sculptor Capital Management, Inc. (“Sculptor”) and certain of its affiliates. Pursuant to the Merger Agreement, Rithm Capital will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A common share of Sculptor (including related transactions under the Merger Agreement, the “Sculptor Acquisition”).