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Ready Capital Corp RC

Alternate Symbol(s):  RC.PR.C

Real Estate
Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.


NYSE:RC - Post by User

Ready Capital Corp > Anworth
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Comment by Karren411on May 06, 2022 1:21pm
108 Views
Post# 34662713

RE:Anworth

RE:Anworth
Rickathome wrote:

03/22/2021 (MT Newswires) -- Ready Capital (RC) and Anworth Mortgage Asset Corporation (ANH) said Friday they have completed their previously announced merger.

Following completion, Anworth shares have ceased trading on the New York Stock Exchange, and the combined company will be named Ready Capital Corporation and continue trading on the NYSE under the ticker symbol "RC."

Pursuant to the deal, each share of Anworth common stock was converted into the right to receive 0.1688 shares of Ready Capital common stock and $0.61 in cash.

Price: 14.36, Change: +0.20, Percent Change: +1.41



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