If RITM does a stock split, your 3,000 shares would simply be converted into more or fewer shares depending on whether it is a forward split or a reverse split, while the total value of your position is designed to stay about the same immediately after the split.

What changes

  • Forward split: you own more shares, each at a lower price per share.
  • Reverse split: you own fewer shares, each at a higher price per share.
  • Fractional shares may be paid out in cash instead of being issued as a partial share.

Example with 3,000 shares

If it were a 2-for-1 forward split, your 3,000 shares would become 6,000 shares, and the share price would roughly halve.

If it were a 1-for-6 reverse split, your 3,000 shares would become 500 shares, and the share price would roughly increase sixfold.

Important note on RITM

The recent corporate action I found is actually for Rithm Property Trust, which announced a one-for-six reverse split for its stock symbol RPT, not RITM. That means the exact impact depends on the specific ticker and split ratio, so the math for your 3,000 shares could be very different depending on which company you mean.

Simple formula

For a split ratio written as aaa-for-bbb:

  • New shares = old shares ×a/b\times a/b×a/b
  • New share price = old share price ×b/a\times b/a×b/a

So for 3,000 shares, the new share count is just 3,000 multiplied by the split ratio.

If you want, I can also compute the exact post-split share count for a specific ratio like 2-for-1, 3-for-1, or 1-for-10.