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    Ready Capital Corproation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8/7/24 5:00:20 PM ET
    $RC
    Real Estate Investment Trusts
    Real Estate
    Get the next $RC alert in real time by email
    0001527590false0001527590us-gaap:SeriesEPreferredStockMember2024-08-072024-08-070001527590us-gaap:SeriesCPreferredStockMember2024-08-072024-08-070001527590us-gaap:CommonStockMember2024-08-072024-08-070001527590rc:SixPointTwoPercentSeniorNotesDue2026Member2024-08-072024-08-070001527590rc:SeniorNotes5.75PercentDue2026Member2024-08-072024-08-0700015275902024-08-072024-08-07

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549 

     

    FORM 8-K

     

    ​

    CURRENT REPORT

     

    Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): August 7, 2024

     

     

     

    READY CAPITAL CORPORATION

    (Exact name of registrant as specified in its charter)

    ​

    ​

    ​

    ​

    Maryland

    001-35808

    90-0729143

    (State or other jurisdiction

    (Commission File Number)

    (IRS Employer

    of incorporation)

    ​

    Identification No.)

    ​

    1251 Avenue of the Americas, 50th Floor
    New York, NY 10020

    (Address of principal executive offices)
    (Zip Code)

    ​

    Registrant's telephone number, including area code: (212) 257-4600

    n/a
    (Former name or former address, if changed since last report.)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ​

    ​

    ​

    ​

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ​

    ​

    ​

    ​

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ​

    ​

     

    ​

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ​

    ​

     

    ​

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    ​

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    ​

    Emerging growth company ☐

    ​

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    ​

    Securities registered pursuant to Section 12(b) of the Exchange Act:

    Title of each class

    Trading Symbol(s)

    Name of each exchange on which registered

    Common Stock, $0.0001 par value per share

    RC

    New York Stock Exchange

    Preferred Stock, 6.25% Series C Cumulative Convertible, par value $0.0001 per share

    RC PRC

    New York Stock Exchange

    Preferred Stock, 6.50% Series E Cumulative Redeemable, par value $0.0001 per share

    RC PRE

    New York Stock Exchange

    6.20% Senior Notes due 2026

    5.75% Senior Notes due 2026

    RCB

    RCC

    New York Stock Exchange

    New York Stock Exchange

    ​

    ​

    ​

    Item 2.02.

    Results of Operations and Financial Condition

     

    On August 7, 2024, Ready Capital Corporation (the “Company”) issued an earnings release announcing the financial results for the quarter ended June 30, 2024. A copy of the earnings release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

    ​

    On August 7, 2024, the Company posted supplemental financial information on the Investor Relations section of its website (www.readycapital.com). A copy of the supplemental financial information is furnished as Exhibit 99.2 hereto and incorporated herein by reference.

    ​

    The information in Item 2.02 of this Current Report, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless it is specifically incorporated by reference therein.

    ​

    Item 9.01 Financial Statements and Exhibits

     

     

    ​

    ​

    ​

    (d)

    Exhibits

     

    1,

    ​

    ​

    Exhibit No.

     

    Description

     

     

    99.1

     

    Earnings Release, dated August 7, 2024

    ​

    ​

    ​

    99.2

    ​

    Supplemental Financial Information for the quarter ended June 30, 2024

    ​

    ​

    ​

    104

    ​

    Cover Page Interactive Data File (embedded within the Inline XBRL document).

    ​

      

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    ​

    ​

    ​

    ​

     

    READY CAPITAL CORPORATION

     

     

     

     

     

     

     

     

     

     

    By:

    /s/ Andrew Ahlborn

     

     

     

    Name:  Andrew Ahlborn

     

     

     

    Title:   Chief Financial Officer

     

    ​

    Date: August 7, 2024

     

    ​

    ​

    ​

    Get the next $RC alert in real time by email

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