23 unchanged sentences
To the extent that distributions are both in excess of taxable earnings and profits and in excess of the stockholder’s adjusted tax basis in its common shares, the distributions will be treated as capital gains from the sale of common shares.
−Removed: For the taxable year ended December 31, 2024, 100.0% of the Company’s distributions to stockholders constituted taxable ordinary income.
+Added: For the taxable year ended December 31, 2025, 97.5% of the Company’s distributions to stockholders constituted taxable ordinary income and 2.5% constituted taxable capital gain income.
For the taxable year ended December 31, 2024, 100.0% of the Company’s distributions to stockholders constituted taxable ordinary income.
6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: In November 2022, we renewed our share repurchase program (the "Repurchase Program") for up to $400.0 million of our common stock.
−Removed: The Repurchase Program is scheduled to expire on November 1, 2025, unless suspended or extended by our board of directors.
−Removed: The Repurchase Program replaced our prior share repurchase program, which was scheduled to expire on January 9, 2023.
+Added: On October 28, 2025, we renewed our share repurchase program (the "Repurchase Program") for up to $400.0 million of our common stock.
+Added: The Repurchase Program is scheduled to expire on October 28, 2028, unless suspended or extended by our board of directors.
+Added: The Repurchase Program replaced our prior share repurchase program, which was scheduled to expire on November 1, 2025.
During the three months and year ended December 31, 2025, we did not repurchase any shares of common stock.
1 unchanged sentence
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.