NEW YORK, June 12, 2018 /PRNewswire/ -- Sutherland
Asset Management Corporation (NYSE: SLD) announced that its board
of directors has increased the Company's quarterly cash dividend on
its common stock by 8.1%, resulting in a new annual dividend of
$1.60 per share. Accordingly,
the board of directors has declared a regular quarterly cash
dividend of $0.40 per share of common
stock and Operating Partnership unit for the quarter ended
June 30, 2018. The dividend is
payable on July 31, 2018 to
stockholders of record as of the close of business on June 29, 2018.
About Sutherland Asset Management Corporation
Sutherland Asset Management Corporation (NYSE: SLD) is a REIT
that originates, acquires, finances, services and manages primarily
small balance commercial ("SBC") loans, U.S. Small Business
Administration loans under its Section 7(a) program, and
residential mortgage loans. The Company originates SBC loans
through its ReadyCap Lending subsidiaries and originates
residential mortgage loans through its GMFS subsidiary. The
Company is externally managed and advised by Waterfall Asset
Management, LLC.
Contact
Investor Relations
Sutherland Asset Management
212-257-4666
SutherlandIR@waterfallam.com
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SOURCE Sutherland Asset Management Corporation