The vehicle also issued shares to cover its adviser’s monthly fee and set June distributions at $0.17 per share across both outstanding classes.

July 3, 2026

Rithm Perpetual Life Residential Trust added to its equity base at the start of July, selling 352,179 common shares for roughly $7.1 million through its continuous private offering. The Maryland statutory trust completed the sale on July 1, placing the securities under the Section 4(a)(2) and Rule 506 exemptions of Regulation D — the customary route for a perpetual-life vehicle raising capital outside a registered offering.

The securities were Class J common shares, sold for aggregate consideration of $7,137,000, a total that is inclusive of a $37,000 upfront selling commission.

Adviser fee paid in stock

On the same day, the trust turned to its own shares to compensate its external manager. It issued 3,259.24 Class E common shares to Rithm Perpetual Life Residential Investor LLC, an affiliate of adviser RCM GA Manager LLC, in settlement of a $66,047.52 monthly management fee owed under the advisory agreement dated November 18, 2025. Paying the fee in equity rather than cash kept the obligation within the trust’s own capital structure.

The activity spanned multiple share classes:

• New cash subscriptions came through Class J shares.
• The in-kind adviser payment was made in Class E shares, the same class that, alongside Class J, received the trust’s June distribution.

June distributions declared

On June 30, the trust set payouts of $0.1700 per share for both its Class J and Class E common shares. Because no ongoing servicing fees applied to either class, gross and net distribution amounts were identical. The distributions are payable to shareholders of record immediately following the close of business on June 30 and are scheduled for payment on or about July 20, in cash or through reinvestment for holders enrolled in the distribution reinvestment plan.

Taken together, the disclosures capture the standard operating rhythm of a perpetual-life residential vehicle in continuous distribution: incremental share sales feeding the offering, adviser compensation settled against the same share classes, and monthly income declared evenly across outstanding shares.