Owens Realty Mortgage, Inc. Announces New Special Meeting Date for Merger with Ready Capital Corporation

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Apr 12, 2019
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WALNUT CREEK, CA / ACCESSWIRE / February 15, 2019 / Owens Realty Mortgage, Inc. (the "Company") (NYSE American: ORM) announced today that it has set March 21, 2019 as the new date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the previously announced definitive merger agreement with Ready Capital Corporation ("Ready Capital") (RC) and to terminate the management agreement between the Company and Owens Financial Group, Inc., dated as of May 20, 2013, as amended on April 1, 2018. The Company had previously announced that it expected the special meeting to occur on February 28, 2019, and that the impact of the government shutdown could affect the timing of the special meeting.