Taking advantage of the weakness in world stock markets the fund decided to increase it´s holding in Resource Capital Corp. Resource (NYSE: RSO) by 66.66% at $7.04862. The REIT´s seem to have held up well in this shakeout.
Resource Capital Corp. operates as a specialty finance company that focuses primarily on commercial real estate and commercial finance in the United States. The company’s commercial real estate-related investments include first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine loans, and commercial mortgage-backed securities. It also invests in commercial finance assets, including senior secured corporate loans, other asset-backed securities, equipment leases and notes, trust preferred securities, and debt tranches of collateralized debt and loan obligations. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it is not subject to federal corporate income tax to the extent that it distributes 90% of its REIT taxable income. The company was founded in 2005 and is based in New York, New York.
Resource Capital Corp.
712 Fifth Avenue
12th Floor
New York, NY 10019
United StatesPhone: 212-506-3899
Fax: 212-245-6372
Website: http://www.resourcecapitalcorp.com
.
712 Fifth Avenue
12th Floor
New York, NY 10019
United StatesPhone: 212-506-3899
Fax: 212-245-6372
Website: http://www.resourcecapitalcorp.com
.
Wed 3/16/2011 8:32 PM
A Form 4 regarding Resource Capital Corp has been filed with the United States Securities and Exchange Commission.
To View the filing please click here
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