Ready Capital Corp's RC-P-C is an exchange-traded preferred stock in the REIT - Diversified sector. At a recent price of $12.15, RC-P-C yields 12.86% on its $25 liquidation preference and 6.25% coupon. It trades at a discount of 51.4% to par. The issue is cumulative, perpetual (no stated maturity), convertible. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.