Key Developments: Resource Capital Corp (RSO)
6.45USD
22 May 2013
$-0.11 (-1.68%)
$6.56
$6.55
$6.65
$6.45
1,153,865
1,691,290
$6.96
$5.11
Latest Key Developments (Source: Significant Developments)
Resource Capital Corp Closes New $44 Million Loan
Resource Capital Corp announced that it has closed a $44 million bridge loan secured by a 186,000 square foot grocery anchored retail center in Los Angeles, CA. tenants include a Ralph's supermarket, Orchard Supply, CVS and Bank of America. The Company has an agreement to sell an A-Note to a strategic partner and will retain a substantial mezzanine loan. The loan proceeds will fund the acquisition of the fee interest by the borrower that has held a leasehold for many years, as well upgrades to the property. Full Article
Resource Capital Corp Announces Full Exercise Of Option To Purchase Additional Shares Of Common Stock
Resource Capital Corp announced the full exercise of the underwriters' option to purchase an additional 2,437,500 shares of common stock in connection with the Company's recently announced public offering, with closing to take place on April 29, 2013. Including the shares sold in connection with the underwriters' option, the Company will have sold a total of 18,687,500 shares of its common stock for total net proceeds of approximately $114.5 million after deduction of underwriting discounts and commissions and estimated offering expenses. Deutsche Bank Securities and J.P. Morgan Securities acted as the joint book-running managers of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes. Full Article
Resource Capital Corp Prices Public Offering Of Common Stock
Resource Capital Corp announced the pricing of underwritten offering of 16,250,000 shares of common stock at a public offering price of $6.33 per share. The Company has granted the underwriters a 30-day option to purchase up to 2,437,500 additional shares of the Company's common stock. The offering is expected to close on April 15, 2013. Deutsche Bank Securities and J.P. Morgan are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes. Full Article
Resource Capital Corp Announces Common Stock Follow-On Offering
Resource Capital Corp announced today that it has commenced a public offering of 16,250,000 shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to 2,437,500 additional shares of the Company's common stock. Deutsche Bank Securities and J.P. Morgan are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes. Full Article
Resource Capital Corp Declares Quarterly Cash Dividends for Preferred Stock
Resource Capital Corp announced that it will pay a cash dividend on its 8.50% Series A Cumulative Redeemable Preferred Stock for the period from January 31, 2013 through and including April 30, 2013 in the amount of $0.53125 per share. The dividend will be payable on April 30, 2013 to holders of record on April 1, 2013. The Company will also pay a cash dividend on its 8.25% Series B Cumulative Redeemable Preferred Stock for the period from January 31, 2013 through and including April 30, 2013 in the amount of $0.515625 per share. The dividend will be payable on April 30, 2013 to holders of record on April 1, 2013. Full Article
Resource Capital Corp Declares Quarterly Cash Dividend
Resource Capital Corp announced that its Board of Directors has declared a cash dividend of $0.20 per common share for the quarter ending March 31, 2013. The dividend will be paid on April 26, 2013 to holders of record on March 28, 2013. Full Article
Resource Capital Corp Declares Quarterly Cash Dividends For Preferred Stock
Resource Capital Corp announced that it will pay a cash dividend on its 8.50% Series A Cumulative Redeemable Preferred Stock for the period from October 31, 2012 through and including January 30, 2013 in the amount of $0.53125 per share. The dividend will be payable on January 30, 2013 to holders of record on January 2, 2013. The Company will also pay a cash dividend on its 8.25% Series B Cumulative Redeemable Preferred Stock for the period from October 31, 2012 through and including January 30, 2013 in the amount of $0.515625 per share. The dividend will be payable on January 30, 2013 to holders of record on January 2, 2013. Full Article
Resource Capital Corp Declares Quarterly Cash Dividend
Resource Capital Corp announced that its Board of Directors has declared a cash dividend of $0.20 per common share for the quarter ending December 31, 2012. The dividend will be paid on January 28, 2013 to holders of record on December 31, 2012. Full Article
Resource Capital Corp Declares Quarterly Cash Dividend for Series B Preferred Stock
Resource Capital Corp announced that it will pay a pro-rated cash dividend on its 8.25% Series B Cumulative Redeemable Preferred Stock for the period from October 3, 2012 through and including October 30, 2012 in the amount of $0.16042 per share. The dividend will be payable on October 30, 2012 to holders of record on October 16, 2012. Full Article
Resource Capital Corp Prices Public Offering Of 8.25% Series B Cumulative Redeemable Preferred Stock
Resource Capital Corp announced that it has successfully priced its underwritten public offering of a newly-designated series of preferred stock, 8.25% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock). The Company will sell 1,000,000 shares of the Series B Preferred Stock to the underwriters listed below at a public offering price of $25.00 per share. The Company has also granted the underwriters a 30-day option to purchase up to an additional 150,000 shares of Series B Preferred Stock on the same terms and conditions. Deutsche Bank Securities, Credit Suisse Securities (USA) LLC, J.P. Morgan and MLV & Co. are acting as joint book-runners and JMP Securities is acting as the lead manager for the offering. The Company intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. The offering will be made pursuant to the Company's existing effective shelf registration statement, previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Full Article
BRIEF-Resource Capital shares down 4.3 pct premarket
NEW YORK, April 10 - Resource Capital Corp : * Shares down 4.3 percent premarket after common stock offering
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