Feb. 24, 2021 -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced its intention to redeem all of its outstanding 6.50% Senior Notes due 2021 (CUSIP No. 75574U 309) (the "Notes"). The redemption date is March 26, 2021 (the "Redemption Date"), and the redemption price is equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon, to, but excluding, the Redemption Date, in accordance with the terms of the Notes.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ready Capital Corp., formerly Sutherland Asset Management Corp., 6.50% Senior Notes due 2021, issued in $25 denominations, redeemable at the issuer's option on or after 4/30/2019 at $25 per note plus accrued and unpaid interest, and maturing 4/30/2021. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The issuer may redeem for cash the Notes on or after 4/30/2019 and before 4/30/2020 at a redemption price equal to 101% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest. On or after 4/30/2020, the issuer may redeem for cash the Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest. The occurrence of a Change of Control Repurchase Event will require the Company to offer to repurchase the Notes for cash at a price equal to 101% of the principal amount together with accrued and unpaid interest (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.50% $1.63	$25.00 $25.00	Called for 3/26/2021 4/30/2021	NF NF 3/22/2021	1/30, 4/30, 7/30 & 10/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     https://readycapital.com/
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Company's Email Address Links

Email Address	InvestorRelations@readycapital.com
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Address and Phone Numbers

Address:   1251 Avenue of the Americas, 50th Floor, New York, NY 10036
Main Phone Number	212-257-4600
Fax Number	Not Available
Investor Contact	212-257-4666

CEO - Thomas E. Capasse

CFO - Andrew Ahlborn