** Shares of Rithm Capital down 3.5% at $11.40 in extended trading as co seeks equity raise
** Mortgage REIT announces 30 mln share offering for general corp purposes
** Based on RITM close of $11.81, up 0.3% in regular session on Tues, co would raise ~$350 mln
** Citigroup, Goldman, JP Morgan, UBS, BTIG and Wells Fargo jt bookrunners for offering
** Co has ~489.73 mln shares outstanding for ~$5.8 bln market value, per LSEG
** Stock up 10.6% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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