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Ready Capital Corporation 2025 Financial Report: Key Securities Insights

$RC
Form 8-K
Filed on: 2025-01-16
Source
Ready Capital Corporation 2025 Financial Report: Key Securities Insights

The provided financial report excerpt contains key information regarding the securities and financial instruments of Ready Capital Corporation as of January 14, 2025. Below are the crucial insights extracted from the text:

Entity Information

  • Entity Name: Ready Capital Corporation
  • CIK Number: 0001527590
  • Address: 1251 Avenue of the Americas, 50th Floor, New York, NY 10020
  • Contact Number: 212-257-4600
  • SEC Filing Type: 8-K
  • Filing Date: January 14, 2025

Stock and Securities Details

  • Common Stock:
  • Par Value: $0.0001 per share
  • Trading Symbol: RC (NYSE)
  • Preferred Stocks:
  • 6.25% Series C Cumulative Convertible Preferred Stock:
    • Par Value: $0.0001 per share
    • Trading Symbol: RC PRC (NYSE)
  • 6.50% Series E Cumulative Redeemable Preferred Stock:
    • Par Value: $0.0001 per share
    • Trading Symbol: RC PRE (NYSE)
  • Senior Notes:
  • 6.20% Senior Notes due 2026:
    • Trading Symbol: RCB (NYSE)
  • 5.75% Senior Notes due 2026:
    • Trading Symbol: RCC (NYSE)
  • 9.00% Senior Notes due 2029:
    • Trading Symbol: RCD (NYSE)

Reporting Context

  • The report specifies that it covers the financial status as of January 14, 2025, across various classes of stock and debt securities, indicating the company’s financial obligations and equity structure at that point in time.

Insights

  • The presence of multiple classes of both preferred stock and senior notes indicates a diversified capital structure, which may provide the company with flexibility in financing.
  • The interest rates on the preferred stocks and senior notes suggest a potential cost of capital that investors should consider when evaluating the company’s financial health.
  • The report identifies the entity's compliance with SEC regulations through the filing of an 8-K, which is typically used to report significant events that shareholders should know about.

Conclusion

This section of the financial report outlines the securities issued by Ready Capital Corporation, providing investors and analysts with critical information regarding the entity's capital structure as of January 14, 2025. The report serves as an essential tool for assessing the company's financial position and investment opportunities.