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0 0 0 0 0.0551724137931035 0.0551724137931035 0.0537931034482759 0.00689655172413791
Stock impact report

Ready Capital Corporation Provides Company Update

Ready Capital Corporation (RC) 
Last ready capital corporation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, March 30, 2020 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), today announced a company update related to the continued market volatility due to the novel COVID-19 pandemic and issued an open letter to its shareholders. The text follows:To Our Shareholders:In light of the increased volatility and market instability caused by the COVID-19 pandemic, we are providing a special supplemental update on our operations and financial position. The Company is focused on increasing liquidity, managing mark-to-market liabilities, book value preservation through pre-emptive asset management and identifying opportunities to leverage our government-backed lending franchises.  To increase our cash balances, we continue to implement several measures. First, as announced on March 20, 2020, our board of directors decided to pay 80% of our first quarter dividend in shares of our common stock and 20% in cash.  Next, we have focused our lending activities Show less Read more
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