Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001214659-19-001109
Form Type:
13G Filing
Publication Date:
2019-02-13 20:30:58
Filed By:
Farallon Capital
Company:
Ready Capital Corp (NYSE:RC)
Filing Date:
2019-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Farallon Capital Partners 0 1,933,863 0 1,933,863 1,933,863 6.0%
Farallon Capital AA Investors 0 269,376 0 269,376 269,376 0.8%
Farallon Partners 0 2,203,239 0 2,203,239 2,203,239 6.9%
Farallon AA GP 0 269,376 0 269,376 269,376 0.8%
Philip D. Dreyfuss 0 2,203,239 0 2,203,239 2,203,239 6.9%
Michael B. Fisch 0 2,203,239 0 2,203,239 2,203,239 6.9%
Richard B. Fried 0 2,203,239 0 2,203,239 2,203,239 6.9%
David T. Kim 0 2,203,239 0 2,203,239 2,203,239 6.9%
Monica R. Landry 0 2,203,239 0 2,203,239 2,203,239 6.9%
Michael G. Linn 0 2,203,239 0 2,203,239 2,203,239 6.9%
Rajiv A. Patel 0 2,203,239 0 2,203,239 2,203,239 6.9%
Thomas G. Roberts, Jr 0 2,203,239 0 2,203,239 2,203,239 6.9%
William Seybold 0 2,203,239 0 2,203,239 2,203,239 6.9%
Andrew J.M. Spokes 0 2,203,239 0 2,203,239 2,203,239 6.9%
John R. Warren 0 2,203,239 0 2,203,239 2,203,239 6.9%
Mark C. Wehrly 0 2,203,239 0 2,203,239 2,203,239 6.9%
Filing

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)   *

 

 

READY CAPITAL CORPORATION

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

75574U101

(Cusip Number)

 

December 31, 2018

(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 Rule 13d-1(b)

 Rule 13d-1(c)

 Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

(Continued on following pages)

Page 1 of 22 Pages

Exhibit Index Found on Page 22

 

 

 

  

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Farallon Capital Partners, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

California

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

1,933,863

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

1,933,863

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,933,863

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.0%

12

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

 Page 2 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Farallon Capital AA Investors, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

269,376

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

269,376

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

269,376

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

☐ 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.8%

12

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

 Page 3 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Farallon Partners, L.L.C.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

 Page 4 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Farallon AA GP, L.L.C.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

269,376

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

269,376

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

269,376

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.8%

12

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

 Page 5 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Philip D. Dreyfuss

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 6 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Michael B. Fisch

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 7 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Richard B. Fried

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 8 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

David T. Kim

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 9 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Monica R. Landry

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 10 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Michael G. Linn

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 11 of 22 Pages 

  

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Rajiv A. Patel

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 12 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Thomas G. Roberts, Jr.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 13 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

William Seybold

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 14 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Andrew J.M. Spokes

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 15 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

John R. Warren

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)           

              

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 16 of 22 Pages 

 

13G

CUSIP No.  75574U101  

 

1

NAMES OF REPORTING PERSONS

 

Mark C. Wehrly

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)            

(a) ☐

(b) ☒**

**   The reporting persons making this filing hold an aggregate of 2,203,239 Shares, which is 6.9% of the class of securities.  The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page.

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

 

SHARES

BENEFICIALLY

OWNED BY

 

EACH

 

REPORTING 

PERSON WITH

5

SOLE VOTING POWER

 

-0-

6

SHARED VOTING POWER

 

2,203,239

7

SOLE DISPOSITIVE POWER

 

-0-

8

SHARED DISPOSITIVE POWER

 

2,203,239

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,203,239

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES (See Instructions)                         

☐ 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.9%

12

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 Page 17 of 22 Pages 

 

 

This Amendment No. 3 to Schedule 13G amends and restates in its entirety the Schedule 13G initially filed on November 14, 2016 with respect to Sutherland Asset Management Corporation (together with all prior and current amendments thereto, this “Schedule 13G”).

  

Item 1Issuer

 

(a) Name of Issuer:

 

Ready Capital Corporation (the “Company”)

 

(b) Address of Issuer's Principal Executive Offices:

 

1140 Avenue of the Americas

7th Floor

New York, NY 10036

 

Item 2Identity and Background

 

Title of Class of Securities and CUSIP Number (Items 2(d) and (e))

 

This statement relates to shares of Common Stock, par value $0.0001 per share (the “Shares”), of the Company.  The CUSIP number of the Shares is 75574U101.

 

Name of Persons Filing, Address of Principal Business Office and Citizenship (Items 2(a), (b) and (c))

 

This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons.”

 

The Farallon Funds

 

  (i) Farallon Capital Partners, L.P., a California limited partnership (“FCP”), with respect to the Shares held by it; and

 

(ii)Farallon Capital AA Investors, L.P., a Delaware limited partnership (“FCAAI”), with respect to the Shares held by it.

 

FCP and FCAAI are together referred to herein as the “Farallon Funds."

 

The Farallon General Partner

 

(iii)Farallon Partners, L.L.C., a Delaware limited liability company (the “Farallon General Partner”), which is the general partner of each of FCP and FCAAI and the sole member of the FCAAI General Partner (as defined below), with respect to the Shares held by each of the Farallon Funds.

 

 Page 18 of 22 Pages 

 

The FCAAI General Partner

 

(iv)Farallon AA GP, L.L.C., a Delaware limited liability company (the “FCAAI General Partner”), which is the general partner of FCAAI, with respect to the Shares held by FCAAI.

 

The Farallon Individual Reporting Persons

 

(v)

The following persons, each of whom is a managing member of the Farallon General Partner and a manager or senior manager, as the case may be, of the FCAAI General Partner, with respect to the Shares held by the Farallon Funds: Philip D. Dreyfuss (“Dreyfuss”), Michael B. Fisch (“Fisch”), Richard B. Fried (“Fried”), David T. Kim (“Kim”), Monica R. Landry (“Landry”), Michael G. Linn (“Linn”), Rajiv A. Patel (“Patel”), Thomas G. Roberts, Jr. (“Roberts”), William Seybold (“Seybold”), Andrew J. M. Spokes (“Spokes”), John R. Warren (“Warren”) and Mark C. Wehrly (“Wehrly”).

 

Dreyfuss, Fisch, Fried, Kim, Landry, Linn, Patel, Roberts, Seybold, Spokes, Warren and Wehrly are together referred to herein as the "Farallon Individual Reporting Persons.”

 

The citizenship of each of the Farallon Funds, the Farallon General Partner and the FCAAI General Partner is set forth above.  Each of the Farallon Individual Reporting Persons, other than Spokes, is a citizen of the United States.  Spokes is a citizen of the United Kingdom.  The address of the principal business office of each of the Reporting Persons is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 2100, San Francisco, California 94111.

 

Item 3.  If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is an Entity Specified in (a) - (k):

 

Not applicable.

 

Item 4Ownership

 

The information required by Items 4(a) - (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.

 

The Shares reported hereby for the Farallon Funds are owned directly by the Farallon Funds.  The Farallon General Partner, as general partner of FCP and the sole member of the FCAAI General Partner, may be deemed to be a beneficial owner of all such Shares owned by the Farallon Funds.  The FCAAI General Partner, as general partner of FCAAI, may be deemed to be a beneficial owner of all such Shares owned by FCAAI.  The Farallon Individual Reporting Persons, as managing members of the Farallon General Partner and a manager or senior manager, as the case may be, of the FCAAI General Partner, with the power to exercise investment discretion, may each be deemed to be a beneficial owner of all such Shares owned by the Farallon Funds.  Each of the Farallon General Partner, the FCAAI General Partner and the Farallon Individual Reporting Persons hereby disclaims any beneficial ownership of any such Shares.

 

 Page 19 of 22 Pages 

 

Item 5Ownership of Five Percent or Less of a Class

 

Not applicable.

 

Item 6Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person 

 

Not applicable.

 

Item 8Identification and Classification of Members of the Group

 

The Reporting Persons are filing this Schedule 13G pursuant to Section 240.13d-1(c).  Consistent with Item 2 of the cover page for each Reporting Person above, the Reporting Persons neither disclaim nor affirm the existence of a group among them.

 

Item 9Notice of Dissolution of Group

 

Not applicable.

 

Item 10Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

 

 Page 20 of 22 Pages 

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated:  February 13, 2019

 

  /s/ Monica R. Landry  
  FARALLON PARTNERS, L.L.C.,  
  On its own behalf and  
  As the General Partner of  
  FARALLON CAPITAL PARTNERS, L.P.,  
  By Monica R. Landry, Managing Member  
     
  /s/ Monica R. Landry  
  FARALLON AA GP, L.L.C.,  
  On its own behalf and  
  As the General Partner of  
  FARALLON CAPITAL AA INVESTORS, L.P.  
  By Monica R. Landry, Manager  
     
  /s/ Monica R. Landry  
  Monica R. Landry, individually and as attorney-in-fact for each of Philip D. Dreyfuss, Michael B. Fisch, Richard B. Fried, David T. Kim, Michael G. Linn, Rajiv A. Patel, Thomas G. Roberts, Jr., William Seybold, Andrew J. M. Spokes, John R. Warren and Mark C. Wehrly

 

The Powers of Attorney executed by each of Fisch, Fried, Kim, Linn, Patel, Roberts, Spokes, Warren and Wehrly authorizing Landry to sign and file this Schedule 13G on his behalf, which were filed as exhibits to the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on August 26, 2014 by such Reporting Persons with respect to the Common Stock of Town Sports International Holdings Inc., are hereby incorporated by reference. The Powers of Attorney executed by each of Dreyfuss and Seybold authorizing Landry to sign and file this Schedule 13G on his behalf, which were filed as exhibits to the Schedule 13G filed with the SEC on January 11, 2017 by such Reporting Persons with respect to the Common Stock of Sky Solar Holdings, Ltd., are hereby incorporated by reference.

 

 

 Page 21 of 22 Pages 

 

EXHIBIT INDEX

 

 

EXHIBIT 1

Joint Acquisition Statement Pursuant to

Section 240.13d-1(k) (previously filed)

 

 

 

Page 22 of 22 Pages