NEW YORK, Sept. 21, 2020 /PRNewswire/ -- Exantas
Capital Corp. (NYSE:XAN) (the "Company") announced today that
its Board of Directors declared all accrued and unpaid cash
dividends on its 8.625% Fixed-to-Floating Series C Cumulative
Redeemable Preferred Stock (the "Series C Preferred Stock") for the
period from January 31, 2020 through and
including July 30, 2020 in the amount
of $1.078125 per share. The Company's Board of Directors
also declared a cash dividend on its Series C Preferred Stock for
the period from July 31, 2020 through
and including October 30, 2020 in the
amount of $0.5390625 per share. The
dividends will be paid on October 30, 2020 to holders of
record on October 1, 2020.
About Exantas Capital Corp.
Exantas Capital Corp. is a real estate investment trust that is
primarily focused on originating, holding and managing commercial
real estate mortgage loans and other commercial real estate-related
debt investments. The Company is externally managed by ACRES
Capital, LLC, a subsidiary of ACRES Capital Corp., a private
commercial real estate lender exclusively dedicated to nationwide
middle market CRE lending with a focus on multifamily, student
housing, hospitality, office and independent senior living in top
US markets. For more information, please visit the Company's
website at www.exantas.com or contact investor
relations at IR@exantas.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements can generally be
identified by our use of forward-looking terminology such as "may,"
"trend," "will," "continue," "expect," "intend," "anticipate,"
"estimate," "believe," "look forward" or other similar words or
terms. Because such statements include risks, uncertainties and
contingencies, actual results may differ materially from the
expectations, intentions, beliefs, plans or predictions of the
future expressed or implied by such forward-looking statements.
Factors that can affect future results are discussed in the
documents filed by the Company from time to time with
the Securities and Exchange Commission. The
Company undertakes no obligation to update or revise any
forward-looking statement to reflect new or changing information or
events after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required by law.
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SOURCE Exantas Capital Corp.
