5 unchanged sentences
Our board of directors declared quarterly cash dividends of $0.05 per diluted share for the Company’s common stock for each quarter of 2025.
−Removed: On December 10, 2024, our board of directors approved the Company’s dividend policy for 2025.
−Removed: The Company expects to pay a quarterly cash dividend of $0.05 per share for the Company’s common stock for 2025, or $0.20 per share on an annualized basis.
+Added: The board of directors has not approved a common equity dividend policy for 2026 in light of the fact that there is an ongoing Company sale process, which could result in the Company’s assets being sold in more than one transaction with net proceeds being distributed to stockholders after satisfying the Company’s other obligations.
The approval of our dividend policy does not commit our board of directors to declare future dividends with respect to any quantity or the amount thereof.
23 unchanged sentences
$ 0.2000000 (1)
+Added: 2025 2024 2023
+Added: Amount Amount Amount
Preferred Stock – Series B:
6 unchanged sentences
$ 1.3752000 (1)
−Removed: 2024 2023 2022
−Removed: Amount % Amount % Amount %
Preferred Stock – Series D:
54 unchanged sentences
$ 2.0602900 (1) (2)
+Added: 2025 2024 2023
+Added: Amount Amount Amount
Preferred Stock – Series M (CUSIP #10482B846):
15 unchanged sentences
____________________
−Removed: (1) The fourth quarter 2021 distributions paid January 18, 2022 to stockholders of record as of December 31, 2021 are treated as 2022 distributions for tax purposes.
(1) The distributions paid January 17, 2023 to stockholders of record as of December 30, 2022 are treated as 2023 distributions for tax purposes.
1 unchanged sentence
The fourth quarter 2024 distributions paid January 15, 2025 to stockholders of record as of December 31, 2024 are treated as 2025 distributions for tax purposes.
+Added: The fourth quarter 2025 distributions paid January 15, 2026 to stockholders of record as of December 31, 2025 are treated as 2026 distributions for tax purposes.
(2) Distributions per share reflects the annual rate per share for distributions reportable in 2023.
2 unchanged sentences
Equity Compensation Plan Information
−Removed: The following table sets forth certain information with respect to securities authorized and available for issuance under our equity compensation plans.
−Removed: Number of Securities to be Issued Upon
−Removed: Outstanding Options, Warrants and Rights (1)
−Removed: Weighted-Average Exercise Price Of Outstanding Options, Warrants, And Rights Number of
−Removed: Securities Remaining Available for Future Issuance
−Removed: Equity compensation plans approved by security holders
−Removed: N/A 919,551 (2)
−Removed: Equity compensation plans not approved by security holders None N/A None
−Removed: Total 766,744
−Removed: ____________________
−Removed: (1) Consists of rights to acquire our common stock subject to the satisfaction of service and or performance vesting conditions (with the amount shown assuming the maximum level of performance under the 2023 PSU awards).
−Removed: The number of shares subject to issuance under the PSUs (if any) will depend on the ultimate actual performance level, and the Company in its discretion may settle the 2023 PSUs in cash rather than shares of common stock.
−Removed: (2) As of December 31, 2024, 920,000 shares of our common stock, or securities convertible into approximately 920,000 shares of our common stock, remained available for issuance under our 2013 Equity Incentive Plan.
+Added: The Company currently does not have an equity incentive plan.
Purchases of Equity Securities by the Issuer
On May 3, 2024, the board of directors approved a new share repurchase program pursuant to which the board of directors granted a repurchase authorization to acquire shares of the Company’s common stock, par value $0.01 per share, having an aggregate value of up to $50 million.
−Removed: The Board’s authorization replaced any previous repurchase authorizations.
+Added: The board of directors’ authorization replaced any previous repurchase authorizations.
As of December 31, 2025, the Company has not repurchased any common stock pursuant to this program.
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.