RCS Capital Corporation Announces Quarterly Dividend for Second Quarter 2013

Jun 14, 2013, 06:00 ET from RCS Capital Corporation

NEW YORK, June 14, 2013 /PRNewswire/ -- RCS Capital Corporation ("RCAP") (NYSE: RCAP) announced today that, pursuant to the prior authorization of its board of directors, RCAP declared its annual cash dividend of $0.72 per share of Class A common stock, to be paid on a quarterly basis (equal to an annualized dividend rate of approximately 3.6% based on RCAP's initial public offering price of $20.00 per share of Class A common stock).  RCAP's cash dividend will be payable quarterly on the 7th business day of the first month of each quarter, in respect of the previous quarter, to Class A common stockholders of record at the close of business on the last business day of such previous quarter.

(Logo: http://photos.prnewswire.com/prnh/20130522/NY19075LOGO)

Accordingly, RCAP's first quarterly cash dividend will be paid on July 10, 2013, to Class A common stockholders of record at the close of business on June 28, 2013, in an amount equal to $0.18 per share.

Important Notice

RCAP is a publicly traded Delaware holding company listed on the New York Stock Exchange that was recently formed to operate and grow businesses focused on the retail direct investment industry. RCAP holds a direct minority economic interest in Realty Capital Securities, LLC, a FINRA-registered wholesale broker-dealer and an investment banking and capital markets business, American National Stock Transfer, LLC, an SEC-registered transfer agent, and RCS Advisory Services, LLC, a transaction management services business. Additional information about RCAP can be found on its website at www.rcscapital.com.

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.

SOURCE RCS Capital Corporation