Ready Capital Corporation 6.50% Senior Notes due 2021

By: ,

Previously Sutherland Asset Management

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Date Issued  04/30/2018

Shares Issued  2,000,000     Overallotment Shares 300,000

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Security Ticker Symbol  SLDD

Market Traded ON   NYSE

Interest Payment Paid the 30th of January, April, July and October  beginning on 7/30/2018

Quarterly Interest  1.624   Annual Interest   0.4063

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Securities may be redeemed, at the issuers option, as early as 4/30/2019 for a redemption price of 101% per share plus accrued interest. After 4/30/2020 they may be redeemed at $25/share plus accrued interest.

Payments are NOT a Qualified Distribution–payments are interest not dividends

Maturity Date  4/30/2021

Click Here to find the offering prospectus

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Tim McPartland
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.
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