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Resource America, Inc. Announces Upgrade By Moody's Investors Service

Philadelphia, PA, July 19, 2022 - Resource America, Inc., (Nasdaq: REXI) (the "Company") announced today that Moody's Investors Service has upgraded the senior implied rating for Resource America, Inc. to B2 from B3, and confirmed its senior unsecured rating at Caa1. The outlook is stable.

Moody's noted, "RAI has made progress in executing a prudent growth strategy, and has demonstrated an increased degree of focus in its real estate and energy businesses. Furthermore, the Company has delivered steady earnings while maintaining acceptable leverage levels. Moody's expects RAI will continue to prudently manage its growth, especially in its newly formed leasing organization. Also, mortgages in RAI's real estate portfolio carry favorable loan-to-value ratios."

Jonathan Cohen, Executive Vice-President and Chief Operating Officer, stated, " We are pleased by Moody's decision to raise their ratings on Resource America, Inc., and their recognition of the positive effects of our prudent growth strategy. This, along with the upgrade our Company received from S&P;, demonstrates the strength of our financial condition and the value of our proprietary asset management business going forward."

Resource America Inc., is a proprietary asset management company that uses industry-specific expertise to generate and administer investment opportunities for our own account and for outside investors in the energy, real estate and equipment leasing industries.

Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed of implied in this release.