Ready Capital Corporation Declares Second Quarter Dividends
May 15 2023 - 4:15PM
Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the
“Company”) announced that its Board of Directors declared two
dividends to common stockholders and operating partnership
unitholders totaling $0.40.
The first, a prorated dividend of $0.26 per
share of common stock and operating partnership unit (the “Prorated
Dividend”). The Prorated Dividend is payable June 15, 2023 to
common stockholders and operating partnership unitholders of record
as of the close of business on May 30, 2023. The Prorated Dividend
was declared by the Board of Directors in accordance with the
Agreement and Plan of Merger, dated as of February 26, 2023 (the
“Merger Agreement”), by and among Ready Capital, RCC Merger Sub,
LLC and Broadmark Realty Capital Inc. (“Broadmark”). Pursuant to
the terms of the Merger Agreement, the Prorated Dividend was
calculated by multiplying Ready Capital’s dividend of $0.40 by the
number of days elapsed since March 31, 2023 through May 30, 2023
(the day prior to the expected closing date of the merger), and
divided by the number of days in the second quarter.
Additionally, Ready Capital’s Board of Directors
declared a cash dividend of $0.14 per share of common stock and
operating partnership unit. The $0.14 dividend is payable on July
31, 2023 to common stockholders and operating partnership unit
holders of record as of the close of business on June 30, 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
Relations212-257-4666InvestorRelations@readycapital.com
Media RelationsPR@readycapital.com
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