SOURCE: Resource Capital Corp.
NEW YORK, NY--(Marketwired - Mar 21, 2014) - Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it will pay a cash dividend on its 8.50% Series A Cumulative Redeemable Preferred Stock for the period from January 31, 2014 through and including April 30, 2014 in the amount of $0.53125 per share. The dividend will be payable on April 30, 2014 to holders of record on April 1, 2014.
Resource Capital Corp. will also pay a cash dividend on its 8.25% Series B Cumulative Redeemable Preferred Stock for the period from January 31, 2014 through and including April 30, 2014 in the amount of $0.515625 per share. The dividend will be payable on April 30, 2014 to holders of record on April 1, 2014.
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 debt and equity investments. The Company also makes other commercial finance investments. The Company is externally managed by Resource Capital Manager, Inc., an indirect wholly-owned subsidiary of Resource America, Inc. (NASDAQ: REXI), an asset management company that specializes in real estate and credit investments.
For more information, please visit the Resource Capital Corp. website at www.resourcecapitalcorp.com or contact investor relations at email@example.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 or changing information or events.