Highest-materiality recent filing
Ready Capital reports Q2 GAAP loss of $0.63/share; book value $6.83
GAAP loss per common share $(0.63); distributable loss $(0.47); distributable loss before realized losses $(0.24).
All seven director nominees elected with votes ranging from 55.5M to 69.1M for; broker non-votes 34.9M.
Ready Capital Q1 GAAP loss $(1.25)/share; balance sheet repositioning generates $1.4B cash
GAAP loss per common share of $(1.25); distributable loss per share $(1.00).
Ready Capital redeems all outstanding 6.20% Senior Notes due 2026 on Apr 22
Redemption price is 100% of principal plus accrued interest to, but excluding, April 22, 2026.
Ready Capital Q4 2025 GAAP loss per share $(1.46); sells $855M loans
GAAP loss from continuing ops $(1.46) per share; distributable loss $(0.43) per share.
Ready Capital posts Q3 2025 GAAP loss per share $(0.13); distributable loss $(0.94)
GAAP loss per share from continuing ops $(0.13); distributable loss per share $(0.94); distributable loss before realized losses $(0.04).
Ready Capital adopts annual Say-on-Pay vote frequency after shareholder advisory vote
Company's annual meeting held June 25, 2025; shareholders voted on frequency of advisory Say-on-Pay votes.
Ready Capital to present at investor meetings starting week of September 8, 2025
Management scheduled to meet with investors beginning the week of September 8, 2025.
Ready Capital Q2 GAAP loss $0.31; distributable loss $0.14; book value $10.44
GAAP loss per common share from continuing operations of $(0.31); distributable loss per share of $(0.14).
Ready Capital annual meeting results: all directors elected, Deloitte ratified, say-on-pay approved
All seven director nominees elected with 61.5M to 76.5M votes for; broker non-votes 39.6M.
Ready Capital Q1: GAAP EPS $0.47 but distributable loss $(0.09); book value $10.61
GAAP EPS $0.47; distributable loss per share $(0.09); distributable earnings before realized losses $0.00.
Ready Capital files new S-3 registration and ATM prospectus supplement
Filed new Form S-3 effective March 21, 2025, replacing prior 2022 registration statement.
Ready Capital completes acquisition of UDF IV; issues CVRs tied to loan proceeds
Each UDF IV share converted into 0.416 RC shares and 0.416 CVRs; no fractional shares.
Ready Capital Q4 GAAP loss per share $(1.80); cuts dividend to $0.125
GAAP loss from continuing ops of $(1.80) per share; distributable loss of $(0.03) per share.
Ready Capital subsidiary closes $220M 9.375% Senior Secured Notes due 2028
ReadyCap Holdings issued $220M aggregate principal of 9.375% Senior Secured Notes due 2028.
Ready Capital authorizes $150M stock repurchase program
Board approved repurchase of up to $150M of common stock (NYSE: RC).
Ready Capital files belated pro forma financials for May 2023 Broadmark merger
Merger consideration: $637.2M in stock (62.2M shares at $10.24/share) on May 31, 2023.
Ready Capital closes $130M 9% senior notes due 2029; NYSE symbol RCD
Issued $130M aggregate principal of 9.00% Senior Notes due 2029, including $15M over-allotment.
Ready Capital prices $115M of 9.00% senior notes due 2029 at $25 each
$115M aggregate principal of 9.00% senior unsecured notes due 2029; priced at $25.00 per note.
Ready Capital to acquire United Development Funding IV for 0.416 shares plus CVRs
Each UDF IV common share exchanged for 0.416 Ready Capital common shares plus contingent value rights linked to proceeds from five portfolio loans.
Ready Capital to acquire UDF IV for up to $5.89/share in cash, stock, CVRs
Total consideration up to $5.89/UDF share: pre-closing cash up to $2.44/sh, stock at closing $3.07/sh, CVRs ~$0.38/sh.
Ready Capital reports Q3 GAAP loss of $(0.07)/share; record SBA lending of $440M
GAAP loss from continuing ops of $(0.07) per share; Distributable Earnings loss of $(0.28) per share.
Ready Capital Q2 GAAP loss $(0.21)/share; distributable EPS $0.07; dividend $0.30
GAAP loss from continuing ops $(0.21) per share; distributable EPS $0.07; distributable EPS before realized losses $0.19.
Ready Capital shareholders elect all director nominees, ratify auditor, approve say-on-pay
All seven director nominees re-elected; highest withheld votes were for J. Mitchell Reese (22.9M withheld).
Ready Capital reports Q1 GAAP loss $(0.45)/share; distributable earnings $0.29/share
GAAP loss per common share from continuing ops $(0.45); distributable earnings per common share $0.29.
Ready Capital Q4 2023 GAAP EPS $0.12, distributable EPS $0.26; pays $0.30 dividend
GAAP EPS from continuing ops $0.12; distributable EPS $0.26; distributable ROAE 7.5%.
Ready Capital schedules investor presentations beginning Jan 29, 2024
Company filed an 8-K to disclose management meetings with investors starting week of Jan 29, 2024.
Ready Capital Q3 GAAP EPS $0.25, Distributable EPS $0.28; Dividend $0.36
GAAP EPS $0.25; Distributable EPS $0.28; Distributable ROE 8.0%.
Ready Capital annual meeting elects all 12 directors, approves all proposals
All 12 director nominees elected; votes ranged from 63.5M to 84.3M for, 2.1M to 22.1M withheld.
Ready Capital closes Broadmark merger; records bargain purchase gain of $222M in Q1 2023 pro forma
Acquired Broadmark on May 31, 2023; issued 62.2M shares of RC common stock valued at $637.2M ($10.24/sh).
Ready Capital Q2 GAAP EPS $1.87; completes $867M Broadmark merger
GAAP EPS $1.87; distributable EPS $0.36; distributable ROE 9.3% for Q2 2023.
Ready Capital authorizes up to $100M share repurchase plan
Board approved stock repurchase program for up to $100M of common stock.
Ready Capital completes merger with Broadmark; issues ~62.2M shares for 0.47233x exchange ratio
Each Broadmark share converted into 0.47233 Ready Capital shares; no fractional shares issued, cash paid in lieu.
Ready Capital shareholders approve stock issuance for Broadmark merger; closing expected May 31
Stockholders approved issuance of RC common for merger with Broadmark; 57.8M votes for, 1.97M against, 589k abstain.
Ready Capital discloses litigation and supplemental proxy disclosures for Broadmark merger
Six lawsuits filed by Broadmark stockholders allege violations of Exchange Act Sections 14(a) and 20(a); one Ready Capital stockholder suit dismissed.
Ready Capital Q1 GAAP EPS $0.30; announces merger with Broadmark
GAAP EPS $0.30 per common share; distributable earnings $0.31; distributable ROE 8.5%.
Ready Capital to acquire Broadmark Realty Capital in stock-for-stock merger
Broadmark shareholders receive 0.47233 shares of RC common per share, cash for fractional shares.
Ready Capital to acquire Broadmark Realty Capital in ~$787M all-stock merger
Each Broadmark share converted into 0.47233 RC shares; offer price $5.90/share, 41% premium to Feb 24 close.
Ready Capital Q4 2022 distributable EPS $0.42, GAAP EPS $0.08, book value $15.20
GAAP EPS $0.08 per common share; distributable EPS $0.42 per common share.
Ready Capital appoints Meredith Marshall to Board, effective Dec 1, 2022
Meredith Marshall fills vacancy from Julius W. Erving's resignation.
CIO Thomas Buttacavoli resigns; CEO Thomas Capasse appointed as CIO
Thomas Buttacavoli resigned as Chief Investment Officer and Portfolio Manager effective November 16, 2022.
Ready Capital Q3 GAAP EPS $0.53, distributable EPS $0.46, book value $15.40
Net income $66.3M, diluted EPS $0.53; distributable earnings $58.2M, $0.46 per share.
Director Julius W. Erving resigns from Ready Capital board effective September 27, 2022
Julius W. Erving resigned as director of Ready Capital Corporation effective immediately on September 27, 2022.
Ready Capital expands share repurchase authorization by $25M to $50M total
Board approved $25.0M increase to existing stock repurchase program, total authorization $50.0M.
Ready Capital issues $20M of 7.375% Senior Notes due 2027; total now $100M
Issued $20M aggregate principal amount of 7.375% Senior Notes due 2027 on Sep 16, 2022.
Ready Capital Q2 GAAP EPS $0.47, distributable EPS $0.48; dividend covered 1.14x
GAAP net income $59M ($0.47/share); distributable earnings $60.1M ($0.48/share).
Ready Capital issues $80M of 7.375% Senior Notes due 2027; net proceeds ~$77.5M
Issued $80M aggregate principal 7.375% Senior Notes due July 31, 2027; sold at $975 per Note.
Ready Capital stockholders elect all nine directors, ratify Deloitte, approve executive compensation
All nine director nominees elected; broker non-votes of 16,889,565 on each.
Board accelerated automatic conversion of all outstanding Class B-1, B-2, B-3, B-4 shares (one-for-one) into common stock as of 5:00 p.m. ET on May 11, 2022.
Ready Capital Q1 GAAP EPS $0.70, distributable EPS $0.52; completes $542M Mosaic merger
GAAP net income $64.3M ($0.70/share); distributable earnings $48.9M ($0.52/share); dividend coverage 1.3x.
the board of directors of Ready Capital (the “Board”) increased the size of the Board by three member and appointed Daniel J. Hirsch, Kevin M. Luebbers, and Pinkie D. Mayfield to the Board
the board of directors of Ready Capital (the “Board”) increased the size of the Board by three member and appointed Daniel J. Hirsch, Kevin M. Luebbers, and Pinkie D. Mayfield to the Board
the board of directors of Ready Capital (the “Board”) increased the size of the Board by three member and appointed Daniel J. Hirsch, Kevin M. Luebbers, and Pinkie D. Mayfield to the Board
On November 29, 2022, the Board of Directors (the “Board”) of Ready Capital Corporation (the “Company”) appointed Mr. Meredith Marshall to serve as a member of the Board, effective December 1, 2022.
On November 16, 2022, the board of directors (the “Board”) of the Company appointed Thomas E. Capasse to serve as the Chief Investment Officer of the Company.
On November 16, 2022, Thomas Buttacavoli tendered his resignation as Chief Investment Officer and Portfolio Manager of Ready Capital Corporation (the “Company”).
On September 27, 2022, Julius W. Erving, a director of Ready Capital Corporation (the “Company”), notified the Board of Directors of the Company that, effective immediately, he is resigning as a director of the Company.
the board of directors of Ready Capital (the “Board”) increased the size of the Board by one member and appointed Julius W. Erving to the Board to fill the vacancy on the Board created by such increase
Max materiality 0.85 · Median 0.65 · Most common event earnings