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v3.22.2.2

Organization - Acquisitions (Details) |  |  |  | 1 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 16, 2022 $ / shares | Jul. 31, 2021 USD ($) shares | Mar. 19, 2021 USD ($) item $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2022 $ / shares shares | Jan. 14, 2022 $ / shares | Dec. 31, 2021 $ / shares shares | Jul. 15, 2021 $ / shares
Acquisitions |  |  |  |  |  |  |  |
Temporary reduction in the quarterly base management fee following the effective date of the merger | $ |  |  | $ 1,000,000 |  |  |  |  |
Number of quarters the temporary reduction in quarterly base management fee is effective | item |  |  | 4 |  |  |  |  |
Common stock, par value |  |  |  | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Number of common shares outstanding | shares |  |  |  | 114,015,355 | 114,015,355 |  | 75,838,050 |
Minimum |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Percentage of taxable income distributed in the form of qualifying distributions |  |  |  |  | 90.00% |  |  |
Series B Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Preferred stock redemption price |  |  |  |  |  |  |  | $ 25.00
Series B Preferred Stock | ANH |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Rate per Annum |  |  | 6.25% |  |  |  |  |
Series C Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Rate per Annum |  |  |  |  | 6.25% |  |  |
Par Value per Share |  |  |  | $ 0.0001 | $ 0.0001 |  |  |
Series C Preferred Stock | ANH |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Rate per Annum |  |  | 7.625% |  |  |  |  |
Series D Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Preferred stock redemption price |  |  |  |  |  |  |  | $ 25.00
Series A Preferred Stock | ANH |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Rate per Annum |  |  | 8.625% |  |  |  |  |
Class B Common Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Number of common shares outstanding | shares |  |  |  | 0 | 0 |  |  |
ANH |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Shares issued | shares |  |  | 16,774,000 |  |  |  |  |
Cash paid | $ |  |  | $ 60,626,000 |  |  |  |  |
Exchange ratio |  |  | 0.1688 |  |  |  |  |
Cash paid per share |  |  | $ 0.61 |  |  |  |  |
Total purchase price | $ |  |  | $ 417,898,000 |  |  |  |  |
Market price as of March 19, 2021 |  |  | $ 14.28 |  |  |  |  |
Common stock consideration | $ |  |  | $ 239,537,000 |  |  |  |  |
ANH | Ready Capital Shareholders |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Percentage of equity interests held after closing |  |  | 77.00% |  |  |  |  |
ANH | ANH Shareholders |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Percentage of equity interests held after closing |  |  | 23.00% |  |  |  |  |
ANH | Series B Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Shares issued | shares |  |  | 1,919,378 |  |  |  |  |
Market price as of March 19, 2021 |  |  | $ 25.00 |  |  |  |  |
Rate per Annum |  |  | 8.625% |  |  |  |  |
Par Value per Share |  |  | $ 0.0001 |  |  |  |  |
Common stock consideration | $ |  |  | $ 47,984,000 |  |  |  |  |
ANH | Series C Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Shares issued | shares |  |  | 779,743 |  |  |  |  |
Market price as of March 19, 2021 |  |  | $ 25.00 |  |  |  |  |
Rate per Annum |  |  | 6.25% |  |  |  |  |
Par Value per Share |  |  | $ 0.0001 |  |  |  |  |
Common stock consideration | $ |  |  | $ 19,494,000 |  |  |  |  |
ANH | Series D Preferred Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Shares issued | shares |  |  | 2,010,278 |  |  |  |  |
Market price as of March 19, 2021 |  |  | $ 25.00 |  |  |  |  |
Rate per Annum |  |  | 7.625% |  |  |  |  |
Par Value per Share |  |  | $ 0.0001 |  |  |  |  |
Common stock consideration | $ |  |  | $ 50,257,000 |  |  |  |  |
Red Stone |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Cash paid | $ |  | $ 63,000,000 |  |  |  |  |  |
Total purchase price | $ |  | 75,400,000 |  |  |  |  |  |
Payments for retention of key executives | $ |  | $ 7,000,000 |  |  |  |  |  |
Shares granted | shares |  | 128,533 |  |  |  |  |  |
Period over which additional purchase price payments may be made if certain hurdles are achieved |  | 3 years |  |  |  |  |  |
Mosaic |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Total purchase price | $ |  |  |  | $ 483,056,000 |  |  |  |
Common stock consideration | $ |  |  |  | $ 437,311,000 |  |  |  |
Period over which the performance of assets acquired will be measured to determine whether additional shares under the contingent equity rights are to be issued | 3 years |  |  |  |  |  |  |
Mosaic | Class B-1 Common Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Common stock, par value | $ 0.0001 |  |  |  |  |  |  |
Mosaic | Class B-2 Common Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Common stock, par value | 0.0001 |  |  |  |  |  |  |
Mosaic | Class B-3 Common Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Common stock, par value | 0.0001 |  |  |  |  |  |  |
Mosaic | Class B-4 Common Stock |  |  |  |  |  |  |  |
Acquisitions |  |  |  |  |  |  |  |
Common stock, par value | $ 0.0001 |  |  |  |  |  |  |

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