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Exantas Capital Corp. Resumes Cash Dividends for Series C Preferred Stock

·2 mins read

NEW YORK, Sept. 21, 2020 /PRNewswire/ -- Exantas Capital Corp. (NYSE:XAN) (the "Company") announced today that its Board of Directors declared all accrued and unpaid cash dividends on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the period from January 31, 2020 through and including July 30, 2020 in the amount of $1.078125 per share. The Company's Board of Directors also declared a cash dividend on its Series C Preferred Stock for the period from July 31, 2020 through and including October 30, 2020 in the amount of $0.5390625 per share. The dividends will be paid on October 30, 2020 to holders of record on October 1, 2020.

About Exantas Capital Corp.

Exantas Capital Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, office and independent senior living in top US markets. For more information, please visit the Company's website at www.exantas.com or contact investor relations at IR@exantas.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.

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SOURCE Exantas Capital Corp.