Q3 2018 Earnings Conference Call

November 08 2018 | 8:30 AM ET
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Press Release

Sutherland Asset Management Increases Quarterly Dividend by 8.1%

Company Release - 6/12/2018 4:30 PM ET

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.

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SOURCE Sutherland Asset Management Corporation