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Latest RC News From Around the Web
Below are the latest news stories about Ready Capital Corp that investors may wish to consider to help them evaluate RC as an investment opportunity.
Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2021. This dividend is payable on July 30, 2021 to shareholders of record as of the close of business on June 30, 2021.
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Ready Capital Corporation Announces Closing of Public Offering of Preferred Stock and Full Exercise of Over-allotment Option
Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it closed an underwritten public offering of 4,600,000 shares of its 6.50% Series E Cumulative Redeemable Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), including 600,000 shares relating to the full exercise of the underwriters' over-allotment option, with a liquidation preference of $25.00 per share.
Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it priced an underwritten public offering of 4,000,000 shares of its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Preferred Stock") at a public offering price of $25.00 per share. The Company also granted a 30-day over-allotment option to purchase up to an additional 600,000 shares of the Preferred Stock at the public offering price, less underwriting discounts and commissions. The Preferre
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Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced today the final results of its tender offer for all outstanding shares of its 6.25% Series C Cumulative Convertible Preferred Stock, $0.0001 par value per share (the "Series C Preferred Stock"), which expired at 5:00 p.m. New York City time on April 30, 2021. Based on the final count by the paying agent for the tender offer, 445,065 shares of Series C Preferred Stock were properly tendered and not withdrawn. Ready Capital has accepted for purchase all tendered shares of Series C Preferred Stock at a price of $25.14323 per share (which represents 100% of the $25.00 liquidation preference, plus accrued and unpaid dividends to, but not including, the purchase date) for a total cost of approximately $11.2 mill...
Ready Capital National Bridge Team Closes Approximately $655 Million in 11 States in First Quarter of 2021
New York, NY Acquisition & Stabilization Loan in New York, NY Charlotte, NC Multifamily Acquisition & Renovation Loan in Charlotte, NC Chicago, IL MSA Multifamily Refinance & Stabilization Loan in Chicago, IL MSA Atlanta, GA MSA Multifamily Acquisition & Renovation Loan in Atlanta, GA MSA Chicago, IL MSA Multifamily Portfolio Refinance & Stabilization Loan in Chicago, IL MSA Hudson Valley, NY MSA Multifamily Portfolio Acquisition & Renovation Loan in Hudson Valley, NY MSA Houston, TX MSA Multifamily Acquisition & Renovation Loan in Houston, TX MSA Dallas, TX Multifamily Acquisition & Renovation Loan in Dallas, TX San Diego, CA MSA Office Renovation Loan in San Diego, CA MSA Los Angeles, CA MSA Office Renovation Loan in Los Angeles, CA MSA San Francisco, CA Multifamily Refinance Loan in ...
Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced the closing of a $629 million commercial mortgage collateralized loan obligation ("CRE CLO") with the limited right to acquire all or part of $139 million in future funding participation interests. Moody's Investors Service, Inc. ("Moody's") and Kroll Bond Rating Agency, LLC ("KBRA") assigned a "Aaa(sf)" and "AAA(sf)" rating, respectively to the senior most certificates, with KBRA providing ratings to the remaining classes of the transaction. With the closing of this CRE CLO, Ready Capital Mortgage Financing 2021-FL5, LLC ("RCMF 2021-FL5"), the Company has issued five CRE CLOs backed by $1.8 billion of collateral UPB.
Ready Capital Mortgage Financing 2021-FL5, LLC -- Moody's assigns a rating to one class of notes issued by Ready Capital Mortgage Financing 2021-FL5, LLC
Additionally, 100.0% of the assets have Libor floors with a weighted average floor of 0.88%, and an effective note rate of 4.93%.Additionally, the transaction provides for one or more criteria-based loan modifications that may include reducing the spread on assets by up to 25 basis points and extending the maturity of loans by up to two years, subject to a limit of eight modifications during the life of the transaction.The transaction provides for a companion loan acquisition period of 2 years, whereby principal proceeds, subject to collateral and transaction performance metrics, may be used to purchase up to $90.0 million of companion notes with respect to certain eligible pari passu participations associated with the closing date collateral pool. The companion notes are initially in ...
Stock markets are up and holding near record high levels, a condition that would usually make life difficult for dividend investors. High market values normally lead to lower dividend yields – but even in today’s climate, it’s still possible to find a high-yielding dividend payer. You need to look carefully, however. The market story of the past year has been unusual, to say the least. Last winter saw the steepest and deepest recession in market history – but it was followed by a fast recovery that is only now slowing.