Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV
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Ready Capital Corporation (NYSE:RC) has announced a definitive agreement to acquire United Development Funding IV, a real estate investment trust. The acquisition is expected to diversify Ready Capital's portfolio and be accretive to its earnings and book value by 2025. UDF IV shareholders may receive up to $5.89 per share through a combination of cash distributions, Ready Capital shares, and contingent value rights.
December 02, 2024 | 1:45 pm
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POSITIVE IMPACT
Ready Capital is acquiring United Development Funding IV, which is expected to diversify its portfolio and be accretive to earnings and book value by 2025.
The acquisition of UDF IV by Ready Capital is a strategic move to diversify its portfolio and enhance its earnings potential. The transaction is expected to be accretive to earnings and book value by 2025, which is positive for Ready Capital's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UDF IV shareholders may receive up to $5.89 per share through a combination of cash distributions, Ready Capital shares, and contingent value rights.
UDF IV shareholders stand to benefit from the acquisition by receiving up to $5.89 per share, which includes cash distributions, Ready Capital shares, and contingent value rights. This is likely to positively impact UDF IV's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100