Resource Capital Corp. Declares Quarterly Cash Dividends for Preferred Stock
June 19 2014 - 9:00AM
Marketwired
Resource Capital Corp. Declares Quarterly Cash Dividends for
Preferred Stock
NEW YORK, NY--(Marketwired - Jun 19, 2014) - Resource Capital
Corp. (NYSE: RSO) (the "Company") announced today that it will pay
a cash dividend on its 8.50% Series A Cumulative Redeemable
Preferred Stock for the period from May 1, 2014 through and
including July 30, 2014 in the amount of $0.53125 per share. The
dividend will be payable on July 30, 2014 to holders of record on
July 1, 2014.
Resource Capital Corp. will also pay a cash dividend on its
8.25% Series B Cumulative Redeemable Preferred Stock for the period
from May 1, 2014 through and including July 30, 2014 in the amount
of $0.515625 per share. The dividend will be payable on July 30,
2014 to holders of record on July 1, 2014.
Resource Capital Corp. will also pay a prorated cash dividend on
its 8.625% Series C Cumulative Redeemable Preferred Stock for the
period from June 10, 2014 up to July 30, 2014 in the
amount of $0.299479 per share. The dividend will be payable on July
30, 2014 to holders of record on July 1, 2014.
RSO is a real estate investment trust that is primarily focused
on originating, holding and managing commercial mortgage loans and
other commercial real estate-related debt and equity investments.
The Company also makes other commercial finance
investments. The Company is externally managed by Resource
Capital Manager, Inc., an indirect wholly-owned subsidiary of
Resource America, Inc. (NASDAQ: REXI), an asset management company
that specializes in real estate and credit investments.
For more information, please visit the Resource Capital Corp.
website at www.resourcecapitalcorp.com or contact investor
relations at pkamdar@resourceamerica.com.
This press release includes statements that may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to a variety of known and unknown risks,
uncertainties, and other factors that are difficult to predict and
many of which are beyond management's control. Factors that can
affect future results are discussed in the documents filed by
Resource Capital Corp. from time to time with the Securities and
Exchange Commission. Resource Capital Corp. undertakes no
obligation to update or revise any forward-looking statement to
reflect new or changing information or events.
Contact: Resource Capital Corp. www.resourcecapitalcorp.com
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