NEW YORK, May 2, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced today the preliminary results of its tender offer for all outstanding shares of its 6.25% Series C Cumulative Convertible Preferred Stock, $0.0001 par value per share (the "Series C Preferred Stock"), which expired at 5:00 p.m.New York City time on April 30, 2021. Based on the preliminary count by the paying agent for the tender offer, the Company expects to acquire approximately 445,320 shares of Series C Preferred Stock at a price of $25.14323 per share (which represents 100% of the $25.00 liquidation preference, plus accrued and unpaid dividends to, but not including, the purchase date) for a total cost of approximately $11.2 million. These shares represent approximately fifty-seven percent of the shares of Series C Preferred Stock outstanding.The number of shares of Series C Preferred Stock to be purchased is preliminary. Final results for the tender offer will be determined subject to confirmation by the paying agent of the proper delivery of the shares validly tendered and not withdrawn by May 3, 2021 and any shares tendered through notice of guaranteed delivery being timely delivered. The final number of shares to be purchased will be announced following the expiration of the guaranteed delivery period and completion by the paying agent of the confirmation process. Payment for the shares of Series C Preferred Stock accepted for purchase will occur promptly thereafter. American Stock Transfer & Trust Company, LLC is the paying agent and D.F. King & Co. Inc. is the information agent for the tender offer.
About Ready Capital CorporationReady Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium 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 500 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.ContactInvestor RelationsReady Capital Corporation(212) 257-4666InvestorRelations@readycapital.com View original content:https://www.prnewswire.com/news-releases/ready-capital-corporation-announces-preliminary-results-of-tender-offer-301281680.html
SOURCE Ready Capital Corporation
KKR Real Estate Finance Trust Inc. (the "Company” or "KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend...
MILWAUKEE, April 27, 2021 /PRNewswire/ -- The Advancing a Healthier Wisconsin Endowment (AHW), a statewide health philanthropy based at the Medical College of Wisconsin (MCW), has announced a $230,000 funding award to support a coalition of partners in increasing COVID-19 vaccination rates in Milwaukee County, with a focus on 10 highly impacted and high-risk ZIP codes. "The COVID-19 pandemic has highlighted the systemic disparities in health equity that exist based on race and ethnicity in our state that have had a significant impact in Milwaukee County in particular," said Jesse Ehrenfeld, MD, MPH, director of the Advancing a Healthier Wisconsin Endowment and senior associate dean at the Medical College of Wisconsin. "To address these disparities, we aim to support the expansion of work to reach Milwaukee County's highly impacted and vulnerable residents while building a model that can inform continuing efforts across the state." The six-month funding award will support a coalition of local partners that includes the Medical College of Wisconsin working alongside Milwaukee County, Milwaukee Health Care Partnership, Jump at the Sun Consultants, Inpower, and 2-Story. The award will expand upon efforts underway through the Milwaukee County Unified Emergency Operations Center, which includes membership from Milwaukee County and its eleven public health municipalities, regional health systems, community health centers, and community-based and social service organizations. "Vaccination rates in high-vulnerability communities across Milwaukee County lag vaccination rates in our higher resource communities," said Ben Weston, MD, MPH, associate professor in the MCW Department of Emergency Medicine and director of medical services for the Milwaukee County Office of Emergency Management. "Through this investment, we will expand a hyper-local outreach strategy where trusted community mobilizers will reach residents where they live while authentic voices of our community will be amplified through social media and traditional media outreach to increase awareness of COVID-19 vaccine resources and information." The award adds to the more than $4.8 million in rapid-response grants AHW awarded to support COVID-19 response and recovery in Wisconsin in 2020.
For more information on AHW, visit ahwendowment.org. To gain up-to-date, accurate information and news regarding COVID-19, visit covid19.mcw.edu. View original content:https://www.prnewswire.com/news-releases/advancing-a-healthier-wisconsin-endowment-announces-funding-to-support-covid-19-vaccination-awareness-and-outreach-in-milwaukee-county-301278258.htmlSOURCE Medical College of Wisconsin
