Ready Capital Corporation has authorized the repurchase of up to $100.0 million worth of the Company's common stock
Ready Capital Corporation, a multi-strategy real estate finance company, has revealed its plans to initiate a stock repurchase program. The program, authorized by the Company's Board of Directors, allows for the repurchase of up to $100.0 million worth of the Company's common stock. This strategic move highlights Ready Capital's confidence in its financial position and aims to enhance shareholder value.
Ready Capital's Board of Directors has given the green light to a stock repurchase program, granting the Company authorization to buy back its own common stock. This program allows Ready Capital to repurchase shares on the open market, through privately negotiated transactions, or via other means, while adhering to all relevant Securities and Exchange Commission (SEC) rules and legal requirements. The Company may utilize one or more Rule 10b5-1 and Rule 10b-18 plans, which enable stock repurchases even during periods when such actions may otherwise be restricted.
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