Resource Capital Corp 8.625% Fixed to Floating Series C Cumulative Redeemable Preferred Stock

By: ,

Date Issued 6/9/2014

Shares Issued  4,400,000   Over-allotment Shares  660,000

S&P Rating   NR    Moodys Rating   NR

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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

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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

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