Resource Capital (RSO) Declares $0.64 Quarterly Dividend; 19.3% Yield
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Resource Capital Corp. Declares Quarterly Cash Dividend
September 17, 2015 4:01 PM EDTNEW YORK, NY -- (Marketwired) -- 09/17/15 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that its Board of Directors has declared a cash dividend of $0.64 per common share for the quarter ending September 30, 2015. The dividend will be paid on October 28, 2015 to holders of record on September 30, 2015.
RSO is a real estate investment trust that is primarily focused on originating, holding and managing commercial mortgage loans and other commercial real estate-related... More
Resource Capital Corp. Announces New $250 Million Facility With Morgan Stanley Bank, N.A.
September 15, 2015 4:01 PM EDTNEW YORK, NY -- (Marketwired) -- 09/15/15 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it has entered into a new $250 million commercial real estate term financing facility with Morgan Stanley Bank, N.A. The facility will be used to finance the continued expansion of the Company's long established core commercial real estate lending business, the origination of floating rate whole loans, on lightly transitional properties nationwide. The financing facility has an initial term of three years with one-year extension options thereafter.
Dave Bloom, the Company's Head of Real Estate,... More
