Michael L. Staines
Sr. Vice President
Resource America, Inc.
1521 Locust Street - 4th Floor
Philadelphia, PA 19102
(215) 546-5005, (215) 546-5388 (facsimile)
RESOURCE AMERICA, INC. ANNOUNCES ANNUAL MEETING OF STOCKHOLDERS AND CASH DIVIDEND
Philadelphia, PA, 1/14/1998 - Resource America, Inc. (NASDAQ:REXI) (the "Company") announces that the 1998 Annual Meeting of Stockholders will be held on Tuesday, March 3, 2022 at 9:00 a.m. in the Company's offices in Philadelphia, Pennsylvania. Only those holders of the common stock of the Company at the close of business on January 23, 2022 will be entitled to vote.
Further, the Company announces that its Board of Directors has authorized the payment on February 27, 2022 of a quarterly cash dividend in the amount of
$. 10 per share of the Company's common stock to all holders of record at the close of business on February 13, 1998. The Company currently has approximately 4,740,000 shares of common stock outstanding.
Resource America, Inc. is a specialty-finance company principally engaged in real estate finance and equipment leasing. In real estate finance, the Company has developed a commercial mortgage loan acquisition and resolution business that involves the purchase at a discount of commercial real estate loans from a variety of financial institutions and the restructuring and refinancing of those loans, and a residential mortgage lending business that provides
mortgage loans which do not conform to government sponsored entity guidelines on one- to four- family residences. The Company's equipment leasing activities are focused on manufacturer and vendor programs - leasing "small ticket" items of $5,000 to $100,000 in value, the provision of lease finance placement and advice, and on the management of public partnerships holding equipment for lease. In addition, the Company owns, manages and operates energy assets
in the Appalachian Basin.