Resource Capital's 8.5% redeemable preferreds to begin trading on NYSE

By Tali David

Minneapolis, June 15 - Resource Capital Corp.'s 8.5% series A cumulative redeemable preferred stock was admitted for trading on the New York Stock Exchange under the symbol "RSO PR A."

The company priced $6.63 million of the preferreds on June 7.

As previously reported, the liquidation preference is $25 per share.

Resource Capital is a New York-based specialty finance company that focuses on commercial real estate assets, commercial mortgage-backed securities and commercial finance. It is organized as a real estate investment trust.

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