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Ready Capital Corp | 6.50% Series E Cumulative Redeemable Preferred Stock (RC.PRE)
Prospectus excerpt: We are offering 4,000,000 shares of our 6.50% Series E Cumulative Redeemable Preferred Stock, or the Series E Preferred Stock or the Shares. When, as, and if authorized by our board of directors and declared by us, dividends on the Series E Preferred Stock will be payable quarterly in arrears on or about January 31, April 30, July 31, and October 31 of each year at a rate per annum equal to 6.50% per annum of the $25.00 liquidation preference. Dividends on the Shares are cumulative. The first dividend on the Series E Preferred Stock sold in this offering will be paid on July 31, 2021, will cover the period from, but not including, June 10, 2021 to, but not including, July 31, 2021 and will be in the amount of $0.225694 per share. Full Prospectus PDF », Secondary Prospectus PDF », RC Page »
Series: | E | Alternate symbology: | RC-E, RC-PE, RCprE | Redeemable?: | Yes | Call Date: | 6/10/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,000,000 | Overallotment: | 600,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $18.38 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-6.62 (-26.48%) | Annualized Dividend: | 1.625 | Recent Ex-Date: | 3/27/2024 | Current Yield: | 8.84% | Original Coupon: | 6.50% | Pay Period: | Quarterly | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | CDx3 Compliance Rating: |
Learn RC.PRE's Rating
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Ready Capital is a real estate finance company that originates, acquires, finances, and services small to medium balance commercial (SBC) loans, Small Business Administration loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized by SBC loans, or other real estate-related investments. Co.'s segments are: SBC Lending and Acquisitions, which originates SBC loans across the life-cycle of an SBC property including construction, bridge, stabilized and agency loan origination channels; Small Business Lending, which acquires, originates and services owner-occupied loans; and Residential Mortgage Banking, which originates residential mortgage loans. Preferreds: RC.PRB, RC.PRC, RC.PRD, RC.PRE Open the RC Information Page »
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Name: |
Ready Capital Corp |
Website: |
www.readycapital.com |
Sector: |
REITs |
Number of ETFs Holding RC: |
43 (see which ones) |
Total Market Value Held by ETFs: |
$312,946,873.57 |
Total Market Capitalization: |
$1,501,000,000 |
% of Market Cap. Held by ETFs: |
20.85% |
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