Resource Cap Issues $25M in Trust Securities

Resource Capital Corp., a Philadelphia-based real estate investment trust, has announced the issuance of $25 million of trust preferred securities through a wholly owned subsidiary.The 30-year securities were priced to bear interest at 3.95% above the three-month London interbank offered rate, the REIT said. The issuing subsidiary is Resource Capital Trust I. The company can be found online at http://www.resourcecapitalcorp.com.

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