Resource Capital Corp 8.625% Fixed to Floating Series C Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 6/9/2014
Shares Issued 4,400,000 Over-allotment Shares 660,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol RSO-C OTC Temporary Ticker RCSCP
Market Traded ON NYSE
Dividend Payment Paid on the 30th of January, April, July and October beginning on 07/30/2014
Quarterly Dividend .539 Annual Dividend 2.156
Dividend will float based on 3 month libor plus 5.927% on and after 7/30/2024
Securities may be redeemed, at the issuers option, as early as 07/30/2024 the call price is $25 plus accrued dividends
Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)
Maturity Date None
Company Investor Relations Page for Resource Capital
Below you can find the offering Prospectus and/or Final Pricing Document
