READY CAPITAL CORPORATION DECLARES FOURTH QUARTER 2021 DIVIDENDS

NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2021. This dividend is payable on January 31, 2022 to shareholders of record as of the close of business on December 31, 2021.

Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock").

The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on January 14, 2022 to Series C Preferred stockholders of record as of the close of business on December 31, 2021.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on January 31, 2022 to Series E Preferred stockholders of record as of the close of business on December 31, 2021.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 500 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations 212-257-4666[email protected]

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SOURCE Ready Capital Corporation