READY CAPITAL CORPORATION (A Maryland corporation) 4,000,000 Shares of 6.50% Series E Cumulative Redeemable Preferred Stock UNDERWRITING AGREEMENTUnderwriting Agreement • June 9th, 2021 • Ready Capital Corp • Real estate investment trusts • New York
Ready Capital Corporation, a Maryland corporation (the “Company”), Sutherland Partners, L.P., a Delaware limited partnership (the “Operating Partnership”), and Waterfall Asset Management, LLC, a Delaware limited liability company (the “Manager”), each confirms its agreement with each of the Underwriters listed on Schedule I hereto (the “Underwriters”), for whom Keefe, Bruyette & Woods, Inc., Morgan Stanley & Co. LLC and Piper Sandler & Co. are acting as Representatives (in such capacity, the “Representatives”), for the Company to issue and sell to the several Underwriters 4,000,000 shares (the “Firm Securities”) of its 6.50% Series E Cumulative Redeemable Preferred Stock, par value $0.0001 per share (the “Series E Preferred Stock”), and to issue and sell to the Underwriters, at the option of the Underwriters, an aggregate of not more than 600,000 additional shares of Series E Preferred Stock (the “Optional Securities”) as set forth below. The Firm Securities and the Optional Securities
