Ready Capital Corporation Announces $100 Million Stock Buyback Program

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.

Stock Repurchase Program

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.

Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.

Free Trial: Signup for 1 Free Alert Per Week

Add your email to get alerts & the report.

Get 1 free alert per week via email

Upgrade if you want more or platform access

We'll also send you a free report

or Click Here to get full access now

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.