secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007407
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital reports Q1 GAAP loss $(0.45)/share; distributable earnings $0.29/share
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- GAAP loss per common share from continuing ops $(0.45); distributable earnings per common share $0.29.
- Total investments $457M, including record $197M SBA 7(a) loans; LMM originations $260M.
- Declared and paid $0.30/share quarterly dividend; net book value $13.44 per share as of March 31.
- Repurchased 2.1M shares in Q1 (avg $8.88); entered $115.25M delayed draw term loan, $75M drawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000155837024007407/0001558370-24-007407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000155837024007407/rc-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007407

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