Ready Capital Corporation 6.50% Senior Notes due 2021
By: Tim McPartland,
Previously Sutherland Asset Management
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
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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