Pecan CREEK, CA/ACCESSWIRE/February 15, 2019/Owens Realty Mortgage, Inc. (the “Organization”) (NYSE American: ORM) reported today that it has set March 21, 2019 as the new date for the extraordinary gathering of its investors to, in addition to other things, consider and vote on a proposition to favor the recently declared authoritative merger concurrence with Ready Capital Corporation (“Ready Capital”) (RC) and to end the administration understanding between the Company and Owens Financial Group, Inc., dated as of May 20, 2013, as corrected on April 1, 2018. The Company had recently reported that it anticipated that the extraordinary gathering should happen on February 28, 2019, and that the effect of the administration shutdown could influence the planning of the uncommon gathering.
As reported on January 4, 2019, investors of record as of the end of business on January 14, 2019 (the “Record Date”) will be qualified for vote at the unique gathering expected to happen on March 21, 2019.
This official statement contains articulations that establish “forward-looking proclamations,” thusly term is characterized in Section 27A of the Securities Act and Section 21E of the Exchange Act and such explanations are planned to be secured by the protected harbor gave by the equivalent. These announcements depend on current desires and convictions of the Company and Ready Capital and are dependent upon various patterns and vulnerabilities that could make genuine outcomes vary tangibly from those portrayed in the forward-looking articulations; neither the Company nor Ready Capital can give any affirmation that its desires will be accomplished.
Elements that could make real outcomes vary tangibly from desires incorporate, however are not constrained to, the hazard that the merger won’t be fulfilled inside the normal timeframe or by any stretch of the imagination; the event of any occasion, change or different conditions that could offer ascent to the end of the merger understanding; the powerlessness to acquire investor endorsements identifying with the merger and issuance of offers in association therewith or the inability to fulfill different conditions to consummation of the merger; variances in the balanced book esteem per portion of the portions of both the Company and Ready Capital; dangers identified with interruption of the executives’ consideration from the progressing industry activities because of the proposed merger; the impact of the declaration of the proposed merger on the Company’s and Ready Capital’s working outcomes and organizations for the most part; the result of any legitimate procedures identifying with the merger; changes in future advance procurement and generation; the capacity to hold key staff; accessibility of reasonable speculation openings; changes in financing costs; changes in the yield bend; changes in prepayment rates; the accessibility and terms of financing; general monetary conditions; economic situations; conditions in the market for little parity business advances and different ventures; and different components, remembering those set out for the Risk Factors segment of Ready Capital’s Registration Statement on Form S-4 and different reports documented by the Company and Ready Capital with the SEC, duplicates of which are accessible on the SEC’s site, www.sec.gov. Neither the Company nor Ready Capital embraces any commitment to refresh these announcements for modifications or changes after the date of this public statement, aside from as legally necessary.
Extra Information and Where to Find It
This public statement might be esteemed to be requesting material in regard of the proposed merger of the Company and Ready Capital. Regarding the proposed merger, Ready Capital has recorded a Registration Statement on Form S-4, which incorporates a starter joint intermediary proclamation/plan. The Company’s investors and other intrigued people are encouraged to peruse the primer joint intermediary proclamation/plan and, when accessible, the corrections thereto and the authoritative joint intermediary explanation/outline and records consolidated by reference in that documented regarding the proposed merger, as these materials will contain significant data about the Company, Ready Capital and the proposed merger. At the point when accessible, the authoritative joint intermediary articulation/outline and other pertinent materials for the proposed merger will be sent to investors of the Company as of the Record Date. Investors will likewise have the option to acquire duplicates of the fundamental joint intermediary articulation/plan, the complete joint intermediary proclamation/outline and different reports recorded with the SEC that will be fused by reference in that, without charge, when accessible, at the SEC’s site at www.sec.gov, or on the Company’s site at www.owensmortgage.com or by guiding a solicitation to: Owens Realty Mortgage, Inc., 2221 Olympic Boulevard, Walnut Creek, California 94595, Attention: Daniel Worley, Secretary.
Members in Solicitation
The Company, its chiefs, official officials and certain workers might be regarded to be members in the sales of intermediaries in regard of the proposed merger. Data in regards to the Company’s chiefs and official officials is accessible in its intermediary articulation documented with the SEC. Extra data in regards to these people and their inclinations in the proposed merger is remembered for the joint intermediary proclamation/plan identifying with the proposed merger that has been documented with the SEC. These reports can be gotten for nothing out of pocket from the sources demonstrated previously.
Prepared Capital and its chiefs and official officials may likewise be considered to be members in the sales of intermediaries from the investors of the Company regarding the proposed merger. A rundown of the names of such chiefs and official officials and data in regards to their inclinations in the proposed merger are remembered for the joint intermediary proclamation/plan for the proposed merger.
About Owens Realty Mortgage, Inc.
Owens Realty Mortgage, Inc., a Maryland organization, is a claim to fame money contract organization sorted out to qualify as a land venture trust (“REIT”) that spotlights on the beginning, speculation, and the executives of business land contract credits. The Company gives altered, momentary securing and change money to little adjust and center market financial specialists that require speed and adaptability. The Company’s essential target is to give financial specialists appealing current salary and long haul investor esteem. Owens Realty Mortgage, Inc. is headquartered in Walnut Creek, California, and is remotely overseen and exhorted by Owens Financial Group, Inc.
About Ready Capital Corporation
Prepared Capital Corporation (RC) is a multi-methodology land account organization that starts, gains, funds and administrations little to medium-sized equalization business advances. Prepared Capital spends significant time in credits supported by business land, including office multifamily, speculator and scaffold just as SBA 7(a) business advances. Headquartered in New York, New York, Ready Capital utilizes more than 400 loaning experts across the nation. Prepared Capital is remotely overseen and exhorted by Waterfall Asset Management, LLC.
No Offer or Solicitation
This official statement will not establish a requesting of an intermediary, assent or approval as for any protections or in regard of the proposed merger. This public statement will likewise not establish an idea to sell or the sales of an idea to purchase any protections, nor will there be any clearance of protections in any states or locales in which such offer, requesting or deal would be unlawful preceding enrollment or capability under the protections laws of any such ward. No contribution of protections will be made aside from by methods for an outline meeting the necessities of area 10 of the Securities Act of 1933, as altered, or an exclusion in this manner.