Labour-sponsored venture capital corporation

Rand Capital Declares Total Fourth Quarter Cash Dividend of $0.63 per Share; Full Year 2023 Dividend Distributions up 60%

Retrieved on: 
Tuesday, December 5, 2023
Banking, Professional Services, Finance, Depreciation, RAND, Labour-sponsored venture capital corporation, Holding company, Rand

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a total quarterly cash dividend of $0.63 per share comprised of a $0.25 per share regular quarterly cash dividend and a $0.38 per share special cash dividend.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a total quarterly cash dividend of $0.63 per share comprised of a $0.25 per share regular quarterly cash dividend and a $0.38 per share special cash dividend.
  • Each of the dividends will be distributed on or about December 29, 2023, to shareholders of record as of December 18, 2023.
  • Additionally, we sold our debt and equity investment in Dealer Solutions and Design during the second quarter, which resulted in a sizable net gain.
  • This overall performance enabled an increase to our quarterly dividend distribution earlier in the year and the distribution of the $0.38 per share special dividend during the fourth quarter of 2023.

Chronic Care Staffing Ranks No. 22 on the SC 50 Fastest Growing Companies List

Retrieved on: 
Wednesday, December 13, 2023
CCS, Emergency Care Coordination Center, BronxCare Hospital System, Chronic care management, Primary care, Patient satisfaction, CSS, Charleston, South Carolina, Exercise, Patient, Acos, Artificial intelligence, Labour-sponsored venture capital corporation, Core values, Growth, Private, Wells Fargo, Nursing, Health insurance, Management

CHARLESTON, S.C., Dec. 13, 2023 /PRNewswire-PRWeb/ -- Chronic Care Staffing, LLC ("CCS"), a leading outsourced provider of clinically-based virtual care management services, has once again been recognized by The South Carolina Business Awards as one of the fastest-growing companies in the Palmetto State. In 2023, Chronic Care Staffing ranks number 22 on the SC 50 Fastest Growing Companies list with 43 percent revenue growth.

Key Points: 
  • In 2023, Chronic Care Staffing ranks number 22 on the SC 50 Fastest Growing Companies list with 43 percent revenue growth.
  • In 2023, Chronic Care Staffing associates joined the ranks of employer-insured consumers enjoying free health insurance premiums.
  • Since its founding in 2015, Chronic Care Staffing has committed itself to achieving a leadership role in the healthcare industry's pursuit of Value Based Care.
  • End-of-year accolades such as South Carolina's 50 Fastest Growing Companies serve as a signpost to CSS associates, clients, patients, and industry peers.

Ready Capital Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Transfer, RC, Labour-sponsored venture capital corporation, ASC, SBC, NYSE, MBS, Pressure, Microsoft, GAAP, Acquisition, Note, REIT, Small Business Administration, Senior, Growth, Small business, Risk management, Financial instrument, Total, Calendar, Capital, Bank, Real estate, Insurance

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended September 30, 2023.
  • “Our broad suite of origination channels allows Ready Capital to remain a consistent source of capital for our customers despite a challenging macro environment,” stated Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
  • Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.

Ready Capital Corporation Announces Third Quarter 2023 Results and Webcast Call

Retrieved on: 
Monday, October 30, 2023
RC, Labour-sponsored venture capital corporation, NYSE, Webcast

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2023 financial results after the New York Stock Exchange closes on Tuesday, November 7, 2023.

Key Points: 
  • NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2023 financial results after the New York Stock Exchange closes on Tuesday, November 7, 2023.
  • Management will host a webcast and conference call on Wednesday, November 8, 2023 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended September 30, 2023.
  • The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in.
  • The webcast of the conference call will be available in the Investor Relations section of the Company’s website at www.readycapital.com .

Rand Capital Reports 12% Increase in Total Investment Income for Third Quarter 2023

Retrieved on: 
Monday, November 6, 2023
Technology, Finance, Homeland Security, Public Policy, Government, Aerospace, Business, Professional Services, Manufacturing, Software, RAND, Sale, Labour-sponsored venture capital corporation, Growth, Webcast, 43 North, BDC, DSD, Total, Investment, Renewable energy, Security (finance)

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced its results for the third quarter ended September 30, 2023.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced its results for the third quarter ended September 30, 2023.
  • Daniel P. Penberthy, President and Chief Executive Officer of Rand, commented, “We delivered another quarter of strong performance.
  • Partially offsetting was a change in accrued capital gains incentive fees to the Company’s external investment adviser.
  • Net investment income was $799,000, or $0.31 per share, compared with $1.0 million, or
    $0.39 per share, in the third quarter of 2022.

Ready Capital Launches Small Balance Construction and Residential Finance Products

Retrieved on: 
Wednesday, October 25, 2023
Sun Belt, RC, Labour-sponsored venture capital corporation, NYSE, BTR, Construction, Real estate

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced new financing products following a successful merger with Broadmark Realty Capital which brought niche construction lending strengths to this blended offering.

Key Points: 
  • NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced new financing products following a successful merger with Broadmark Realty Capital which brought niche construction lending strengths to this blended offering.
  • The Small Balance Construction and Residential Finance program provides loans from $5 million to $20 million and includes the following project types: Development and construction financing for multifamily, Build-to-Rent (BTR), and lot development for residential developers.
  • These new products complement the existing Construction Lending program which provides capital solutions for projects up to $75 million, collateralized primarily by multifamily and industrial projects.
  • “The U.S. remains in a perpetual state of unmet housing demand that continues to drive the delivery of new residential units in a supply-constrained market,” said Alex Ovalle, Head of Construction Lending at Ready Capital.

Prospect Capital Schedules Fiscal Year Earnings Release and Conference Call

Retrieved on: 
Monday, August 28, 2023
PSEC, Labour-sponsored venture capital corporation, Cryptocurrency, Broadcasting, Video game

NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company”) today announced it expects to issue its earnings press release on Tuesday, August 29, 2023 after the close of the markets.

Key Points: 
  • NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company”) today announced it expects to issue its earnings press release on Tuesday, August 29, 2023 after the close of the markets.
  • The Company will host a conference call on Wednesday, August 30, 2023 at 11:00 a.m. Eastern Time.
  • The conference call will also be available via a live listen-only webcast on the Company’s website, www.prospectstreet.com .
  • A replay of the audio webcast will be available on the Company's website for approximately 30 days following the conference call.

Ready Capital Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023
Transfer, Small Business Administration, ASC, MBS, REIT, Calendar, Labour-sponsored venture capital corporation, Risk management, GAAP, Completeness, RC, Financial instrument, Acquisition, Microsoft, SBC, Small business, NYSE, Bank, Real estate, Insurance

NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended June 30, 2023.

Key Points: 
  • NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended June 30, 2023.
  • “The closing of the $867 million acquisition of Broadmark Realty Capital in the second quarter marks a significant milestone for Ready Capital,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
  • Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.

Rand Capital Reports 34% Increase in Total Investment Income for Second Quarter 2023

Retrieved on: 
Friday, August 4, 2023
Technology, Finance, Homeland Security, Public Policy, Government, Aerospace, Business, Professional Services, Manufacturing, Software, RAND, Labour-sponsored venture capital corporation, Sale, DSD, INEA, Investment, ACV, 43 North, Webcast, BDC, Growth, Alloy, Hand, ITA, Total, Security (finance)

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced its results for the second quarter ended June 30, 2023.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced its results for the second quarter ended June 30, 2023.
  • Daniel P. Penberthy, President and Chief Executive Officer of Rand, commented, “We delivered a strong quarter of total investment income growth, fueled by the addition of high-quality debt investments.
  • The increase largely reflects a change in accrued capital gains incentive fees to the Company’s external investment adviser.
  • Net investment income was $493,000, or $0.19 per share, compared with $1.4 million, or
    $0.55 per share, in the second quarter of 2022.

Ready Capital Corporation Announces Second Quarter 2023 Results and Webcast Call

Retrieved on: 
Monday, July 31, 2023
Webcast, Labour-sponsored venture capital corporation, NYSE, RC, Cryptocurrency

NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its second quarter 2023 financial results after the New York Stock Exchange closes on Monday, August 7, 2023.

Key Points: 
  • NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its second quarter 2023 financial results after the New York Stock Exchange closes on Monday, August 7, 2023.
  • Management will host a webcast and conference call on Tuesday, August 8, 2023 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended June 30, 2023.
  • The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in.
  • The webcast of the conference call will be available in the Investor Relations section of the Company’s website at www.readycapital.com .