On March 23, 2026, Ready Capital Corporation (the 'Company') issued a notice of redemption for all outstanding 6.20% Senior Notes due 2026 (the 'Notes'). This redemption is in accordance with the Indenture dated August 9, 2017, and its subsequent amendments. The Company plans to redeem the Notes on April 22, 2026, at a price equal to 100% of the principal amount plus any accrued and unpaid interest. The payment will be made using available cash. This action is part of the Company's ongoing financial strategy to manage its debt obligations effectively. The redemption of these notes is expected to have a positive impact on the Company's liquidity position, allowing for better allocation of resources in future investments and operational needs. However, the immediate effect on stock price is anticipated to be modest, given the nature of the announcement and the current market conditions.

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