Owens Realty Mortgage, Inc. Stockholders Approve Merger with Ready Capital Corporation

Owens Realty Mortgage, Inc. (the “Organization” or “ORM”) (NYSE American: ORM) declared that at the unique gathering of investors held today, its investors affirmed the merger exchange in which ORM will converge with and into ReadyCap Merger Sub, LLC (“Merger Sub”), a completely possessed backup of Ready Capital Corporation (NYSE: RC) (“Ready Capital”), as per the recently reported merger understanding among ORM, Merger Sub and Ready Capital. At the extraordinary gathering, roughly 68.44% of the remarkable portions of ORM basic stock were casted a ballot, with around 97.55% of the votes cast for the ORM merger proposition and around 97.17% of the votes cast for ending the administration understanding among ORM and Owens Financial Group, Inc., which is required to finish the merger.

Stockholders Approve Merger with Ready Capital Corporation
Stockholders Approve Merger with Ready Capital Corporation

The merger is relied upon to close on March 29, 2019, subject to standard shutting conditions. Because of the merger, in addition to other things, each portion of ORM basic stock remarkable at the compelling time of the merger will be changed over into the privilege to get from Ready Capital 1.441 recently gave portions of Ready Capital normal stock. ORM normal stock is relied upon to be suspended from exchanging on the NYSE American before the open of exchanging on March 29, 2019. Prepared Capital basic stock will keep on exchanging on the New York Stock Exchange under the current ticker image “RC.”

About Owens Realty Mortgage, Inc.

Owens Realty Mortgage, Inc., a Maryland enterprise, is a claim to fame money contract organization sorted out to qualify as a land speculation trust (“REIT”) that spotlights on the beginning, venture, and the board of business land contract credits. ORM gives redid, momentary procurement and change funding to little adjust and center market financial specialists that require speed and adaptability. ORM’s essential goal is to furnish financial specialists with alluring current pay and long haul investor esteem. Owens Realty Mortgage, Inc. is headquartered in Walnut Creek, California, and is remotely overseen and prompted by Owens Financial Group, Inc.

Forward-Looking Statements

This official statement may contain “forward-looking proclamations”. Such proclamations are dependent upon various suppositions, dangers, and vulnerabilities. Proclamations that don’t portray chronicled or current certainties, including explanations about convictions and desires, are forward-looking articulations. The forward-looking explanations are planned to be dependent upon the sheltered harbor gave by Section 27A of the Securities Act of 1933, as changed (the “Protections Act”), and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. All announcements, other than proclamations of verifiable reality, remembered for this correspondence that address exercises, occasions or improvements that ORM expects, accepts or foresees will or may happen later on are forward-looking articulations. Words, for example, “venture,” “anticipate,” “accept,” “expect,” “envision,” “potential,” “make,” “gauge,” “plan,” “proceed,” “mean,” “could,” “predict,” “should,” “may,” “will,” “direction,” “look,” “standpoint,” “objective,” “future,” “accept,” “estimate,” “manufacture,” “center,” “work,” or the negative of such terms or different varieties thereof and words and terms of comparative substance utilized regarding any talk of likely arrangements, activities, or occasions distinguish forward-looking proclamations. In any case, the nonattendance of these words doesn’t imply that the announcements are not advance looking. These forward-looking explanations are not assurances of future execution and include certain dangers, vulnerabilities and suppositions that are hard to foresee. ORM’s capacity to foresee results or the real impact of future occasions, activities, plans or methodologies is inalienably unsure. Despite the fact that ORM accepts the desires reflected in any forward-looking proclamations depend on sensible suppositions, ORM can give no confirmation that our desires will be accomplished and along these lines, real results and results may vary tangibly based on what is communicated or anticipated in such forward-looking explanations.

There are various dangers and vulnerabilities that could make genuine outcomes contrast physically from the forward-glancing explanations remembered for this correspondence, including, among others, dangers identified with the merger. Every single such factor are hard to anticipate and are outside the ability to control of ORM, incorporating those definite in ORM’s yearly reports on Form 10-K, quarterly reports on Form 10-Q and occasional reports on Form 8-K that are accessible on ORM’s site at www.owensmortgage.com and on the Securities and Exchange Commission’s (the “SEC”) site at http://www.sec.gov, and those point by point in the segment entitled “Hazard Factors” in the joint intermediary articulation/outline identifying with the merger recorded with the SEC on February 15, 2019.

Every one of the forward-looking proclamations of ORM depend on suppositions that ORM accepts to be sensible however that may not end up being precise. Any forward-looking proclamation talks just as of the date on which such articulation is made, and ORM doesn’t embrace to address or refresh any forward-looking explanation, regardless of whether because of new data, future occasions or something else, with the exception of as required by pertinent law. Perusers are advised not to put undue dependence on these forward-looking articulations that talk just as of the date concerning this.