Resource Capital Corp. Announces Full Redemption of its Outstanding 8.25% Series B Cumulative Redeemable Preferred Stock
RESOURCE CAPITAL (RSO)
Last resource capital earnings: 5/3 08:34 pm
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US:NYSE Investor Relations:
resourcecapital.gcs-web.com/investor-relations
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Resource Capital Corp. (NYSE:RSO) (the “Company”) today announced that on March 26, 2018 (the “Redemption Date”) it will redeem all shares of its 8.25% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) outstanding on the Redemption Date. The shares of Series B Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus all accrued and unpaid dividends up to, but not including, the Redemption Date in an amount equal to $0.32083 per share of Series B Preferred Stock, for a total payment of $25.32083 per share of Series B Preferred Stock. This redemption is in addition to the 930,983 shares of Series B Preferred Stock that were redeemed on January 31, 2018. From and after the Redemption Date, dividends on the Company’s Series B Preferred Stock will cease to accrue, the Series B Preferred Stock will no longer be outstanding and, therefore, all rights of the holders of such shares will termi
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