secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001628280-25-009228
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital Q4 GAAP loss per share $(1.80); cuts dividend to $0.125
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- GAAP loss from continuing ops of $(1.80) per share; distributable loss of $(0.03) per share.
- Distributable earnings before realized losses $0.23 per share; ROE 7.1%.
- Quarterly dividend cut to $0.125 per common share (payable April 30, 2025).
- Subsequent events: new $150M stock repurchase program (Jan 16) and $220M private placement of 9.375% senior secured notes due 2028 (Feb 21).
- Total LMM and SBL originations $2.4B in FY2024 including $1.1B SBA 7(a) loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025009228/0001628280-25-009228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025009228/rc-20250303.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-009228

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer