Pamela Schreiber
Investor Relations
Resource America, Inc.
1521 Locust Street - 5th Floor
Philadelphia, PA 19102
(215) 546-5005
(215) 546-5388 (facsimile)

Resource America, Inc.'s Subsidiary, Fidelity Leasing, Inc., Files Registration Statement for Initial Public Offering of 3.9 Million Shares of Common Stock

Philadelphia, PA., July 6, 2022 - Resource America, Inc. (NASDAQ:REXI) announced today that its subsidiary, Fidelity Leasing, Inc. (the "Company"), has filed a Registration Statement with the Securities and Exchange Commission in connection with a proposed offering by the Company of 3.9 million new shares of its common stock. The underwriting will be managed by BancBoston Robertson Stephens, Friedman Billings Ramsey & Co., Inc., U.S. Bancorp Piper Jaffray, and First Union Capital Markets Corp.

The Company is an equipment finance company that leases technology equipment to the small business market through a sophisticated e-commerce technology platform using computer and telecommunications systems and the Internet. The Company specializes in financing equipment within a price range of $5,000 to $250,000. The equipment financed includes communications technology, information technology, industrial technology and office automation equipment.

Copies of the prospectus as filed with the Securities and Exchange Commission can be obtained at BancBoston Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104, Friedman, Billings Ramsay & Co., Inc., 1001 Nineteenth Street North, Arlington, VA 22209, U.S. Bancorp Piper Jaffray, 222 South Ninth Street, Minneapolis, MN 55402, and First Union Capital Markets, One First Union Center, 301 South College Street, 5th Floor, Charlotte, NC 28288.

A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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