|Bid||0.0000 x 3000|
|Ask||0.0000 x 3000|
|Day's Range||2.9300 - 3.0600|
|52 Week Range||0.8000 - 3.1900|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") and Anworth Mortgage Asset Corporation (NYSE: ANH) ("Anworth") jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready Capital, Anworth and RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (the "Merger Agreement"). As of the closing of trading on March 19, 2021, Anworth ceased to be publicly traded and its common stock and preferred stock was suspended from trading on the NYSE. The combined company will conduct business under the name "Ready Capital Corporation" and will continue to trade on the New York Stock Exchange under the ticker symbol "RC."
Anworth announced that its stockholders have approved the Merger transaction with Ready Capital Corporation with 95.24% of votes cast in favor.
The conversion rate of Anworth's Ser. B Cumulative Convertible Pfd Stock will increase to 6.2235 shares of its common stock effective March 16, 2021.