On Wednesday Ready Capital Corporation (NYSE:RC) traded with change of -2.09% on volume of 1222459 shares in the last session as compared to average volume of 169212 shares. During last trade its minimum price was $15.83 and it gained highest price of $16.35. RC has total market capitalization of $717058182. Its closing value stands at $15.9.
On Dec. 04, 2019, Ready Capital Corporation (NYSE:RC) disclosed that it is commencing an underwritten public offering of 6,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. The Company intends to use the net proceeds from this offering to originate or acquire the Company’s target assets and for general corporate purposes.
Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, and Keefe, Bruyette & Woods, A Stifel Company are acting as the joint book-running managers for the offering. The underwriters propose to offer the shares of common stock from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 400 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.
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Email Contact – [email protected]
Address: 467 Sheppard Ave, Toronto, Ontario
Zip Code – M1S 1T4
Phone Number – 416-297-6327