NEW YORK, NY, Apr 19, 2011 (MARKETWIRE via COMTEX) --
Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that all three of its leveraged loan CLO investments managed by Apidos Capital Management LLC (an affiliate of the manager), have been selected as finalists for several Creditflux CLO manager awards. Apidos CLO I, III, and Cinco have been selected as finalists in the categories of Best 2005 US CLO, Best 2006 US CLO and Best 2007 US CLO. Apidos has also been nominated for Best US CLO manager. The winners will be announced on May 17, 2011 in London. Creditflux uses the Par Plus ratio to evaluate CLOs. According to them, "the Par Plus ratio combines annualized equity distributions since inception with cumulative changes to a CLO's par value. In other words, it measures both equity returns and the ability to avoid losses. In practice, the most successful deals have maintained a high level of par while also making substantial pay-outs to equity holders."
About Resource Capital Corp.
Resource Capital Corp. is a commercial real estate specialty finance company that qualifies as a real estate investment trust, or REIT, for federal income tax purposes. RCC's investment strategy focuses on commercial real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets. RCC invests in the following asset classes: commercial real estate-related assets such as whole loans, A-notes, B-notes, mezzanine loans, mortgage-related securities and real estate joint ventures, and commercial finance assets such as other asset-backed securities, senior secured corporate loans, lease receivables, trust preferred securities, structured notes and debt tranches of collateralized debt obligations.
RCC is externally managed by Resource Capital Manager, Inc., an indirect wholly owned subsidiary of Resource America, Inc. (NASDAQ: REXI), a specialized asset management company that uses industry-specific expertise to generate and administer investment opportunities for its own account and for outside investors in the real estate, commercial finance and financial fund management sectors.
For more information, please visit the Company's website at www.resourcecapitalcorp.com or contact investor relations at pkamdar@resourceamerica.com.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the documents filed by Resource Capital Corp. from time to time with the Securities and Exchange Commission. Resource Capital Corp. undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events.
Contact: Resource Capital Corp. Email Contact http://www.resourcecapitalcorp.com
SOURCE: Resource Capital Corp.
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