Ready Capital Corporation Declares Third Quarter 2023 Dividends

Rhea-AI Summary

Ready Capital Corporation declares quarterly cash dividends for common stock and preferred stock.

Positive

• The Company announced a quarterly cash dividend of $0.36 per share of common stock and Operating Partnership unit.
• The Company declared dividends of $0.390625 per share of Series C Preferred Stock and $0.40625 per share of Series E Preferred Stock.

Negative

• None.

NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2023. This dividend is payable on October 31, 2023, to shareholders of record as of the close of business on September 29, 2023.

Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the “Series C Preferred Stock”), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the “Series E Preferred Stock”).

The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on October 13, 2023, to Series C Preferred stockholders of record as of the close of business on September 29, 2023, which is the effective record date since September 30, 2023, is not a business day.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on October 31, 2023, to Series E Preferred stockholders of record as of the close of business on September 29, 2023.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 600 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
212-257-4666
InvestorRelations@readycapital.com

Media Relations
PR@readycapital.com