News & Videos - OWENS REALTY MORTGAGE INC.

Ready Capital and Owens Realty Mortgage Announce Completion of Merger PR Newswire NEW YORK, March 29, 2019 NEW YORK , March 29, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, dated as of November 7, 2018 , by and among Ready Capital, ORM and ReadyCap Merger Sub, LLC, a...

NEW YORK, NY / ACCESSWIRE / March 29, 2019 / Ready Capital Corporation (NYSE: RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, dated as of November 7, 2018, by and among Ready Capital, ORM and ReadyCap Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (the "Merger...

Ready Capital Corporation Stockholders Approve Issuance Of Common Stock In Merger With Owens Realty Mortgage, Inc. PR Newswire NEW YORK, March 21, 2019 NEW YORK , March 21, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, its stockholders approved the issuance of the Company's common stock pursuant to the terms of the previously announced merger agreement with Owens Realty...

WALNUT CREEK, CA / ACCESSWIRE / March 21, 2019 / Owens Realty Mortgage, Inc. (the "Company" or "ORM") (NYSE American: ORM) announced that at the special meeting of stockholders held today, its stockholders approved the merger transaction in which ORM will merge with and into ReadyCap Merger Sub, LLC ("Merger Sub"), a wholly owned subsidiary of Ready Capital Corporation (NYSE: RC) ("Ready Capital"), pursuant to the previously announced merger agreement among ORM, Merger Sub and Ready Capital. At...

WALNUT CREEK, CA / ACCESSWIRE / March 15, 2019 / Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM) today reported financial results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Financial and Operational Highlights Net income of $1,828,138, or $0.22 per fully-diluted common share Book value of $22.56 per common share at December 31, 2018 as compared to $22.54 per common share at September 30, 2018 and $22.10 per common share at December 31, 2017...

WALNUT CREEK, CA / ACCESSWIRE / March 12, 2019 / The Board of Directors of Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM) has declared a cash dividend of $0.24 per share of common stock. The common stock dividend will be paid on March 28, 2019 to stockholders of record of common stock on March 25, 2019. Dividend Requirement The dividend is being made pursuant to the terms of the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 7,...

WALNUT CREEK, CA / ACCESSWIRE / February 28, 2019 / Owens Realty Mortgage, Inc. (NYSE American: ORM) announced today a revision to the tax treatment for ORM's dividends on its common stock (CUSIP #690828108) for calendar year 2018. The Federal income tax classification of the 2018 distributions on the Company's common stock as reported on Form 1099-DIV (as corrected) is set forth in the following table: Record Date Payment Date Distribution Allocable to 2018 Ordinary Dividends Per Share Capital...

Ready Capital And Owens Realty Mortgage Announce Final Exchange Ratio For Proposed Merger PR Newswire NEW YORK, Feb. 22, 2019 NEW YORK , Feb. 22, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 7, 2018 , by and among Ready...

NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Ready Capital Corporation (RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 7, 2018, by and among Ready Capital, ORM and ReadyCap Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital...

Ready Capital Announces New Special Meeting Date For Merger With Owens Realty Mortgage, Inc. PR Newswire NEW YORK, Feb. 15, 2019 NEW YORK , Feb. 15, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") announced today that it has set March 21, 2019 as the new date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the issuance of shares of common stock of the Company pursuant to the previously announced definitive...

WALNUT CREEK, CA / ACCESSWIRE / February 15, 2019 / Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM) announced today that it has set March 21, 2019 as the new date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the previously announced definitive merger agreement with Ready Capital Corporation ("Ready Capital") (RC) and to terminate the management agreement between the Company and Owens Financial Group, Inc., dated...

WALNUT CREEK, CA / ACCESSWIRE / February 7, 2019 / Owens Realty Mortgage, Inc. (NYSE American: ORM) announced today the tax treatment for ORM's dividends on its common stock (CUSIP #690828108) for calendar year 2018. The Federal income tax classification of the 2018 distributions on the Company's common stock as reported on Form 1099-DIV is set forth in the following table: Record Date Payment Date Distribution Allocable to 2018 Ordinary Dividends Per Share Capital Gain Dividends Per Share...

Ready Capital Announces Record Date And Special Meeting Date For Merger With Owens Realty Mortgage, Inc. PR Newswire NEW YORK, Jan. 4, 2019 NEW YORK , Jan. 4, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") announced today that it has set a record date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the issuance of shares of common stock of the Company pursuant to the previously announced definitive merger...

WALNUT CREEK, CA / ACCESSWIRE / January 4, 2019 / Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM ) announced today that it has set a record date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the merger and the other transactions contemplated by the previously announced definitive merger agreement with Ready Capital Corporation ("Ready Capital") (NYSE: RC ) and to terminate the management agreement between the...

WALNUT CREEK, CA / ACCESSWIRE / December 18, 2018 / Owens Realty Mortgage, Inc. (NYSE American: ORM) announced today that its Board of Directors has declared a quarterly dividend of $0.20 per share of common stock for the quarter ending December 31, 2018. The dividend is payable on January 14, 2019 to stockholders of record at the close of business on December 31, 2018. About Owens Realty Mortgage, Inc. Owens Realty Mortgage, Inc., a Maryland corporation, is a specialty finance mortgage company...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Owens Realty Mortgage, Inc. - ORM PR Newswire NEW YORK, Dec. 17, 2018 NEW YORK , Dec. 17, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City , is investigating the Board of Directors of Owens Realty Mortgage, Inc. ("ORM" or the "Company") (NYSE American: ORM) for possible breaches of...

OWENS REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Owens Realty Mortgage, Inc. - ORM PR Newswire NEW ORLEANS, Nov. 23, 2018 NEW ORLEANS , Nov. 23, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Owens Realty Mortgage, Inc. ("ORM") (NYSE: ORM) to Ready Capital...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Owens Realty Mortgage, Inc. PR Newswire NEW YORK, Nov. 12, 2018 NEW YORK , Nov. 12, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Owens Realty Mortgage, Inc. (NYSE: ORM) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Ready Capital Corporation (NYSE: RC). Stockholders will receive 1.441 shares of Ready Capital Corporation common stock for...

Owens Realty Mortgage, Inc. Reports Third Quarter 2018 Financial Results PR Newswire WALNUT CREEK, Calif., Nov. 7, 2018 WALNUT CREEK, Calif. , Nov. 7, 2018 /PRNewswire/ -- Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM) today reported financial results for the third quarter ended September 30, 2018 . Third Quarter 2018 Financial Highlights Net income of $2,249,239 , or $0.26 per fully-diluted common share Book value of $22.54 per common share at September 30, 2018 as compared to...

Ready Capital Announces Merger With Owens Realty Mortgage - Approximately $200M of Additional Capital Raised to Support Targeted Growth in Small Balance Commercial Assets - - Combined Company Will Enhance Shareholder Liquidity - - Transaction Expected to be Accretive to Earnings in 2019 - - Transaction Expected to Create Cost and Operating Efficiencies - PR Newswire NEW YORK, Nov. 7, 2018 NEW YORK , Nov. 7, 2018 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a...