Resource Capital (RSO) Approves New $50M Securities Buyback Plan

Resource Capital Corp. (NYSE: RSO) announced that its Board of Directors has approved a new securities repurchase program for up to $50 million of its outstanding securities, of which approximately $16.5 million remains available under the Company's current securities repurchase program.

Repurchases may be made from time to time through open market purchases or privately negotiated transactions, at the discretion of management and in accordance with the rules of the Securities and Exchange Commission, as applicable. The amount and timing of any repurchases will depend on market conditions and other factors. There is no guarantee as to the exact number of securities that will be repurchased by the Company, and the Company may discontinue purchases at any time.

You May Also Be Interested In

• Shake Shack (SHAK) Announces Resignation of Jonathan Sokoloff from Board, Cuts Board Size to 10 from 11
• Longeveron (LGVN) Raises $11.4M in Gross Proceeds from Warrant Exercise Offering and Public Offering
• Tungray Technologies (TRSG) Prices 1.25M Share IPO at $4/sh