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Ready Capital Reopens Baby Bonds

Multi strategy REIT Ready Capital (RC) will reopen (sell more shares in a currently outstanding issue) their 6.20% baby bonds (RCB).

This issue was originally sold in July, 2019 and was most recently trading in the $25.59 area.

Disclousre–I own this issue and may take this opportunity to add a little more.

The selling price of the new issue has not been announced yet.

The preliminary prospectus can be found here.

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