ATLANTA, GA – – (Globe Newswire – March 7, 2025) – – A shareholder class action lawsuit has been filed against Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Ready Capital’s business, operations, and prospects, including allegations that: (1) significant non-performing loans in its CRE portfolio were not likely to be collectible; (2) Ready Capital would fully reserve these problem loans in order to “stabilize” its CRE portfolio; (3) this was not accurately reflected in Ready Capital’s current expected credit loss or valuation allowances; and (4) as a result, the Company’s financial results would be adversely affected.

If you bought shares of Ready Capital between November 7, 2024 and March 2, 2025, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/ready-capital/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is May 5, 2025.