Ready Capital Corporation and Anworth Mortgage Asset Corporation have completed their merger. As of the closing of trading on March 19, Anworth ceased to be publicly traded and its common and preferred stock were suspended from trading on the New York Stock Exchange. The combined company will conduct business under the Ready Capital Corporation name and will continue to trade on the NYSE under the ticker symbol “RC.”
The size of Ready Capital’s board of directors was increased by one member upon the closing of the merger, and Dominique Mielle, an independent director of Anworth, was appointed to Ready Capital’s board of directors.
“The closing of the merger with Anworth will better position us to continue to grow and improve operating and cost efficiencies to establish Ready Capital as an industry-leading mortgage REIT with a diversified platform,” said Thomas Capasse, chairman and chief executive officer of Ready Capital.