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RC-P-C

Ready Capital Corp · Series C · REIT - Diversified
Also quoted as: RC-C, RCprC, RC.PRC, RC-PC, RCpC
$12.72
last price

About this security

RC-P-C is a 6.25% cumulative convertible perpetual preferred stock issued by Ready Capital Corp, a REIT - Diversified issuer. $25 liquidation preference, current yield 12.28%.

Ready Capital Corp: Ready Capital Corporation (RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services a range of commercial real estate loans, including lower-middle-market (LMM), SBA, construction, and USDA loans. Its loans generally reach up to $40 million in original principal and are used by businesses purchasing owner-occupied real estate or by investors acquiring multifamily, office, retail, mixed-use, or warehouse properties. The company also invests to a lesser extent in mortgage-backed securities collateralized primarily by LMM loans and other real estate-related assets. Following the disposition of its Residential Mortgage Banking segment in mid-2025, Ready Capital operates as a focused commercial real estate lender structured as a REIT. ↗

Issuer page — all Ready Capital Corp securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 03:29:25 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
12.28%
Annual Dividend
$1.5625
Recent Market Price
$12.72
as of 2026-06-16
Disc/Prem to Par (→ screen)
-49.12% (−$12.28)
Recent Ex-Date
2026-03-31
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
6.250%
Call Date
—
Yield to Call
n/a — not callable
Yield to Worst
n/a — convertible preferred
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
No
Convertible
Yes
Conversion Price
$23.80
Conversion Ratio
1.0505
Issued
2021-03-19
Series
C
Alt. Symbology
RC-C, RCprC, RC.PRC, RC-PC, RCpC

vs. REIT - Diversified category (121 issues): yield 12.28% vs avg 8.15% · discount -49.1% vs avg -13.9%

Quote

 RC-P-C (preferred)RC (common)
Last $12.72 $1.69
Change — —
Open$12.72$1.75
High / Low $12.72 / $12.72 $1.77 / $1.69
Prev Close——
Volume202956,210
52-Week High / Low $17.23 / $9.62 $4.75 / $1.50

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● RC-P-C ● RC (common)

Dividend History

Ex-DateAmount / Share
2026-03-31$0.390625
2025-12-31$0.390625
2025-09-30$0.390625
2025-06-30$0.390625
2025-03-31$0.390625
2024-12-31$0.390625
2024-09-30$0.390625
2024-06-28$0.390625
2024-03-27$0.390625
2023-12-28$0.390625
2023-09-28$0.390625
2023-06-29$0.390625

Performance — $10K Calculator

See what an investment in RC-P-C would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

Full Prospectus (SEC filing) →

Other Securities from Ready Capital Corp

SymbolTypeCouponPriceYield
RC-P-E preferred 6.500% 12.30 13.21%
RCD baby bond 9.000% 22.37 10.06%

News — Ready Capital Corp

Issuer news via Tiingo, tagged to RC.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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