Ready Capital Corporation 6.20% Senior Notes Due 2026
By: Tim McPartland,
Date Issued 07/18/2019
Shares Issued 2,000,000 Overallotment Shares 300,000
Security Ticker Symbol RCB
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Market Traded ON NYSE
Interest Payment Paid the 30th of January, April, July and October beginning on 10/30/2019
Quarterly Interest 1.55 Annual Interest 0.3875
Securities may be redeemed, at the issuers option, as early as 7/30/2022 for a redemption price of 101% per share plus accrued interest. After 7/30/2025 they may be redeemed at $25/share plus accrued interest.
Payments are NOT a Qualified Distribution–payments are interest not dividends
Maturity Date 7/30/2026
Click Here to find the offering prospectus
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
