 NEW YORK, June 10, 2021 PRNewswire -- Ready Capital Corporation NYSE: RC Ready Capital or the Company today announced that it closed an underwritten public offering of 4,600,000 shares of its 6.50 Series E Cumulative Redeemable Preferred Stock, par value 0.0001 per share the Preferred Stock, including 600,000 shares relating to the full exercise of the underwriters over-allotment option, with a liquidation preference of 25.00 per share. The Company received net proceeds of approximately 111.4 million from the sale of the Preferred Stock after deducting the underwriting discounts but before estimated offering expenses payable by the Company. 