Ready Capital Corporation 9.00% Preferred Stock due 2029

Ready Capital Corporation 9.00% Senior Notes due 2029 are a type of fixed-income security issued by Ready Capital Corporation, a diversified real estate finance company focused on originating, acquiring, and servicing small- to middle-market commercial real estate and business loans. These notes feature a 9.00% annual coupon, paid quarterly, and mature in 2029, offering investors scheduled interest payments and return of principal at maturity. Structured in $25 denominations, the notes are listed for public trading, aiming to attract investors seeking regular income streams with a known maturity date. Ready Capital intends to use the funds raised to pursue its core lending and investment strategy in commercial real estate, which spans sectors such as agency multifamily, construction, bridge financing, and small business lending backed by the U.S. Small Business Administration. As senior unsecured debt, these notes have repayment priority over the company's equity and junior debt, but their risk profile is influenced by Ready Capital’s financial health and market conditions. Their presence in the market provides an additional funding channel for the company while offering investors an alternative to traditional fixed income and equity securities.