Contact Information: Contact: David J. Bryant Chief Financial Officer Resource Capital Corp. 1845 Walnut Street, 10th Floor Philadelphia, PA 19103 (215) 546-5005 (215) 546-4785 (facsimile)
Resource Capital Corp. Declares Quarterly Cash Dividend
| Source: Resource Capital Corp.
PHILADELPHIA, PA--(Marketwire - March 11, 2008) - Resource Capital Corp. (NYSE : RSO )("RCC")
announced today that its Board of Directors has declared a cash dividend of
$0.41 per common share for the quarter ending March 31, 2008. The dividend
will be paid on April 28, 2008 to holders of record on March 31, 2008.
RCC has a Dividend Reinvestment and Share Purchase Plan available to both
existing shareholders and interested new investors. Plan information may
be obtained from the Plan Administrator, American Stock Transfer & Trust
Company, at 1-800-278-4353, or by visiting their website at
www.amstock.com.
Resource Capital Corp. will release its fourth quarter and fiscal year
ended December 31, 2007 results on March 13, 2008, after market hours, and
invites investors and other interested parties to listen to the live
webcast of its conference call on March 14, 2008, at 8:30 a.m. Eastern
Daylight Time.
This call is being webcast live and can be accessed from Resource Capital
Corp.'s website at http://www.resourcecapitalcorp.com. For those
unavailable to listen to the live broadcast, the replay of the webcast will
be available following the live call on RCC's website and telephonically
beginning at 10:30 a.m. E.D.T. on March 14, 2008 until midnight on April
14, 2008 by dialing 888-286-8010, passcode 19103497.
Resource Capital Corp. is a commercial real estate specialty finance
company that qualifies as a real estate investment trust, or REIT, for
federal income tax purposes. RCC's investment strategy focuses on
commercial real estate-related assets and, to a lesser extent,
higher-yielding commercial finance assets. RCC invests in the following
asset classes: commercial real estate-related assets such as whole loans,
A-notes, B-notes, mezzanine loans and mortgage-related securities and
commercial finance assets such as other asset-backed securities, senior
secured corporate loans, equipment leases and notes, trust preferred
securities, debt tranches of collateralized debt obligations and private
equity investments principally issued by financial institutions.
RCC 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 commercial finance, real estate and financial
fund management sectors.
For more information, please visit the Resource Capital Corp. website at
ww.resourcecapitalcorp.com or contact investor relations at
pkamdar@resourceamerica.com.
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 information
or events.