Ready Capital Corp

Ready Capital Corporation announced a quarterly cash dividend of $0.01 per share for its common stock and Operating Partnership units, payable on July 31, 2026, to shareholders of record as of June 30, 2026. Additionally, the company declared a dividend of $0.390625 per share for its 6.25% Series C Cumulative Convertible Preferred Stock, payable on July 15, 2026. A dividend of $0.40625 per share was also declared for its 6.50% Series E Cumulative Redeemable Preferred Stock, payable on July 31, 2026.

Ready Capital Corp announced its 2026 Annual Meeting of Stockholders for July 17, 2026, where shareholders will vote on several key proposals. These include the election of seven directors, the ratification of Deloitte & Touche LLP as the independent auditor, and an advisory vote on executive compensation. Most notably, the company seeks approval for an Amended and Restated 2023 Equity Incentive Plan, which would increase the number of shares reserved for issuance by 15,000,000. The Chairman and CEO's letter highlighted the company's strategic focus on strengthening liquidity, reducing leverage, and repositioning its commercial real estate platform amidst a challenging market.

Ready Capital Corporation reported a GAAP loss of $(1.25) per common share and a distributable loss of $(1.00) per common share for the first quarter ended March 31, 2026. These results reflect the ongoing execution of a balance sheet repositioning plan aimed at de-levering and generating liquidity. The company generated $1.4 billion in cash from loan sales and liquidations, facilitating the repayment of $1.1 billion in asset-level financing and $184 million in corporate debt, which negatively impacted earnings and book value. Management anticipates book value pressure to subside after remaining large-scale asset sales close by Q2 end, positioning the company for future growth.

Ready Capital Corp (RC) announced the appointment of Dominick D. Scali as Chief Credit Officer in February 2026, disclosed in an amendment to its 2025 Form 10-K. The amendment also provided previously omitted Part III information on corporate governance, board composition, committee structures, corporate policies, and 2025 executive compensation details for independent directors and named executive officers.