Business Context and Reporting Period
This Form 8-K is a current report filed by Resource Capital Corp. on November 14, 2016. The filing serves to disclose a conference call held on the same date regarding financial results for the third quarter ended September 30, 2016, and to provide a clarification regarding a specific data point in the attached earnings call transcript.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses solely on correcting a statement regarding loan originations found in the attached transcript.
- Loan Originations: The filing clarifies that the figure of $350 million referenced in the transcript covers the twelve-month period ended September 30, 2016, rather than the nine-month period as previously stated.
Material Changes
The primary material change addressed in this filing is a correction of record regarding the time frame for loan originations. The company explicitly states that the $350 million figure applies to the twelve-month period ending September 30, 2016, correcting the prior reference to a nine-month period.
Guidance, Outlook, and Risks
The filing does not contain new guidance, outlook, or management commentary beyond the correction of the originations data. It notes that the information furnished in this report and the attached exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into other filings.
Investor Verification Checklist
- Verify the corrected loan origination figure of $350 million applies to the twelve-month period ended September 30, 2016.
- Review the attached Exhibit 99.1 (Transcript of Earnings Call) for the full context of the third-quarter financial results.
- Confirm that no other financial metrics (revenue, net income, etc.) are disclosed within this specific 8-K text.