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Resource Capital Corp.
RSO announced today that it has successfully
priced its underwritten public offering of a newly-designated series
of preferred stock, 8.25% Series B Cumulative Redeemable Preferred
Stock ("Series B Preferred Stock"). The Company will sell 1,000,000
shares of the Series B Preferred Stock to the underwriters listed
below at a public offering price of $25.00 per share. The Company has
also granted the underwriters a 30-day option to purchase up to an
additional 150,000 shares of Series B Preferred Stock on the same
terms and conditions. Deutsche Bank Securities, Credit Suisse
Securities (USA) LLC, J.P. Morgan and MLV & Co. are acting as joint
book-runners and JMP Securities is acting as the lead manager for the
offering. The Company intends to use the net proceeds from the
offering to make investments relating to its business and for general
corporate purposes.
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