Resource Capital to redeem all 8.25% series B preferreds on March 26

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – Resource Capital Corp. will redeem all of the outstanding shares of its 8.25% series B cumulative redeemable preferred stock on March 26, according to a press release.

The preferred shares will be redeemed at a redemption price of $25.00 per share plus accrued dividends to but excluding the redemption date of $0.32083 per share.

Resource Capital is a New York-based real estate investment trust focused on commercial mortgage loans and other commercial real estate-related debt investments.

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