Resource Capital Corp. Declares Quarterly Cash Dividends for Preferred Stock
NEW YORK, NY -- (Marketwire) -- 03/18/13 -- Resource Capital Corp.
(NYSE: RSO) (the "Company") announced today 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.
Resource Capital Corp. 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.
RSO is a diversified real estate finance company that is organized
and conducts its operations to qualify as a REIT for federal income
tax purposes. RSO's investment strategy focuses on CRE assets, and,
to a lesser extent, commercial finance assets and other investments.
RSO invests in the following asset classes: CRE-related assets such
as commercial real estate property, whole loans, A-notes, B-notes,
mezzanine loans, CMBS and investments in real estate joint ventures
as well as commercial finance assets such as bank loans, lease
receivables, other asset-backed securities, corporate bonds, trust
preferred securities, debt tranches of CDOs, structured note
investments, and private equity investments principally issued by
RSO is externally managed by Resource Capital Manager, Inc., an
indirect wholly-owned subsidiary of Resource America, Inc. (NASDAQ:
REXI), a specialized asset management company that uses industry
specific expertise to generate and administer investment
opportunities for its own account and for outside investors in the
real estate, financial fund management and commercial finance
For more information, please visit the Resource Capital Corp. website
at www.resourcecapitalcorp.com or contact investor relations at
This press release includes statements that may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to a variety of known and unknown risks,
uncertainties, and other factors that are difficult to predict and
many of which are beyond management's control. Factors that can
affect future results are discussed in the documents filed by
Resource Capital Corp. from time to time with the Securities and
Exchange Commission. Resource Capital Corp. undertakes no obligation
to update or revise any forward-looking statement to reflect new or
changing information or events.
Resource Capital Corp.
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