Ready Capital Corp

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

READY CAPITAL CORPORATION

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

LETTER FROM OUR CHAIRMAN AND CEO

Dear Fellow Stockholders:The directors and officers of Ready Capital Corporation are pleased to cordially invite you to attend the 2025 Annual Meeting of Stockholders, which will be held on Wednesday, June 25, 2025 at 9:00 a.m. Eastern Time. Enclosed you will find a notice setting forth the items we expect to address during the meeting, our Proxy Statement and a copy of our 2024 Annual Report to Stockholders. Your vote is important to us. If you are unable to attend the Annual Meeting, it is very important that your shares be represented.We continued to be impacted by increased headwinds on our transitional CRE lending business throughout the year. As we look forward to 2025, we believe we will successfully accelerate our path to recovery as we take decisive actions that are intended to stabilize and better position our balance sheet.The company has a history of successfully acquiring independent, stand-alone operating companies that we believe are complementary tuck-ins to our core lending strategies. This past year, we closed two such strategic acquisitions, Madison One and Funding Circle, which both support origination growth in our Small Business Lending segment through expanded product offerings and increased market share. Our Small Business Lending operations experienced significant origination growth of 1.7x, harvesting capital investments made over the preceding years. In addition, this year we also closed on the strategic acquisition of United Development Funding IV, which we believe will increase our platform's scale, expand our core business with United Development Funding IV's land development solution, and create new and exciting opportunities for our business.We ask for your voting support for the items presented in this Proxy Statement and thank you for your investment and continued support.Sincerely,Thomas E. CapasseChairman of the Board, Chief Executive Officer and Chief Investment OfficerApril 29, 2025

NOTICE OF THE ANNUAL MEETING OF STOCKHOLDERS

To the Stockholders of Ready Capital Corporation:

NOTICE IS HEREBY GIVEN that the 2025 annual meeting of stockholders (the “Annual Meeting”) of Ready Capital

Corporation, a Maryland corporation (the “Company”), will be held via live audio webcast to consider and vote on the

following matters:

Pursuant to rules adopted by the Securities and Exchange Commission, we are sending a Notice of Internet Availability of

Proxy Materials (the “Notice”) to holders of record of our common stock, par value $0.0001 per share (“Common Stock”),

as of the close of business on April 21, 2025 (the “Record Date”). The Notice contains instructions for your use in this

process, including how to access our Proxy Statement and 2024 Annual Report to Stockholders (the "Annual Report")

over the Internet, how to authorize your proxy to vote online or by telephone and how to request a paper copy of the Proxy

Statement and Annual Report. If you have additional questions about voting your shares, please contact our proxy

solicitor, Okapi Partners LLC, at (888) 785-6707 or by email to info@okapipartners.com.

All stockholders are invited to attend the Annual Meeting where you may ask questions and will be able to vote your

shares online. We will respond to as many inquiries at the Annual Meeting as time allows.

If you plan to attend the Annual Meeting online, visit the web address noted above and please enter the unique control

number included in your Notice, on your proxy card or on the instructions that accompany your proxy materials.

Stockholders who hold their shares in “street name” do not need to register prior to the meeting to attend, vote and submit

questions during the Annual Meeting via live audio webcast. The Annual Meeting will begin online promptly at 9:00 a.m.

Please allow ample time for the online check-in procedures.

If you are unable to attend the Annual Meeting, it is very important that your shares be represented and voted at the

meeting. You may authorize your proxy to vote your shares over the Internet or telephone as described in the Notice or

proxy card. Alternatively, if you received a paper copy of the proxy card by mail, please complete, date, sign and promptly

return the proxy card in the self-addressed stamped envelope provided. If you authorize a proxy over the Internet, by mail

or by telephone prior to the Annual Meeting, you may nevertheless revoke your proxy and cast your vote online during the

virtual meeting.

If you hold shares of our Common Stock in “street name” through a broker or other financial institution, you

must follow the instructions provided by your broker or other financial institution regarding how to instruct your

broker or financial institution to vote your shares of Common Stock.

Your proxy is being solicited by our board of directors. Our board of directors recommends that you vote FOR

the election of each of the nominees listed in the accompanying Proxy Statement to serve on our board of

directors until our 2026 annual meeting of stockholders and until their respective successors are duly elected

and qualify, FOR the ratification of Deloitte & Touche LLP as our independent registered public accounting firm

for the 2025 fiscal year, FOR the resolution to approve, on an advisory basis, the compensation of our Named

Executive Officers and FOR, on an advisory basis, a frequency of “1 YEAR” for future advisory votes on the

compensation of our Named Executive Officers.

By Order of our Board of Directors,

/s/ Andrew Ahlborn

Andrew Ahlborn

Chief Financial Officer and Secretary

New York, New York

April 29, 2025

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING

TO BE HELD JUNE 25, 2025. THE PROXY STATEMENT AND OUR ANNUAL REPORT ARE AVAILABLE ONLINE AT

WWW.INVESTORVOTE.COM/RC.

TABLE OFCONTENTS

This Proxy Statement, the accompanying proxy card and the Notice of

the Annual Meeting are being furnished to stockholders in connection

with the solicitation of proxies by and on behalf of the board of directors

of Ready Capital Corporation, a Maryland corporation (“the Company,”

“we,” “our” or “us”), for use at our Annual Meeting to be held via a live

audio webcast at www.meetnow.global/M4QKH2M on June 25, 2025,

at 9:00 a.m. Eastern Time, or at any postponement or adjournment

thereof. Pursuant to the rules adopted by the Securities and Exchange

Commission (the “SEC”), we have provided access to our proxy

materials over the Internet. Accordingly, we are sending a Notice of

Internet Availability of Proxy Materials to our stockholders as of the

Record Date, containing instructions on how to access proxy materials

on the Internet, how to vote online or by telephone and, if desired, how

to receive a printed set of the proxy materials.