RC - READY CAPITL COR ()

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   Ready Capital Corporation Stockholders Approve Issuance Of Common Stock In Merger With Owens Realty Mortgage, Inc.  2019/03/21 20:15:00 Benzinga
NEW YORK , March 21, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC ) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, its stockholders approved the issuance of the Company's common stock pursuant to the terms of the previously announced merger agreement with Owens Realty Mortgage, Inc. (NYSE: ORM ) ("ORM"). The merger is expected to close on March 29, 2019 , subject to customary closing conditions. As a result of the merger, among other things, each share of common stock, par value $0.01 per share, of ORM ("ORM common stock") outstanding at the effective time of the merger will be converted into the right to receive from Ready Capital 1.441 shares of common stock, par value $0.0001 per share, of Ready Capital ("Ready Capital Common Stock"). Cash will be paid in lieu of fractional shares of Ready Capital Common Stock that would have been received as a result of the Merger. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of …
   Ready Capital Corporation Stockholders Approve Issuance Of Common Stock In Merger With Owens Realty Mortgage, Inc.  2019/03/21 20:15:00 Benzinga
NEW YORK , March 21, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC ) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, its stockholders approved the issuance of the Company's common stock pursuant to the terms of the previously announced merger agreement with Owens Realty Mortgage, Inc. (NYSE: ORM ) ("ORM"). The merger is expected to close on March 29, 2019 , subject to customary closing conditions. As a result of the merger, among other things, each share of common stock, par value $0.01 per share, of ORM ("ORM common stock") outstanding at the effective time of the merger will be converted into the right to receive from Ready Capital 1.441 shares of common stock, par value $0.0001 per share, of Ready Capital ("Ready Capital Common Stock"). Cash will be paid in lieu of fractional shares of Ready Capital Common Stock that would have been received as a result of the Merger. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of …

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