4 unchanged sentences
The SRP has no termination date and may be suspended or discontinued at any time.
−Removed: As of June 30, 2022, share repurchases executed under the SRP were as follows:
−Removed: Period Shares Repurchased Average price paid per share Cumulative amount of shares repurchased
+Added: As of September 30, 2022, share repurchases executed under the SRP were as follows:
+Added: Period Shares Repurchased Average price paid per share Cost of shares repurchased
(in thousands)
June 2022 41,374 $7.32 $303
−Removed: Total 41,374 $7.32 $303
+Added: August 2022 33,374 $7.15 $239
+Added: September 2022 587,714 $7.10 $4,173
+Added: Total as of September 30, 2022 662,462 $4,715
+Added: On September 15, 2022, the Company repurchased 2,435,284 shares of its Series L Preferred Stock in a privately negotiated transaction (the “Series L Repurchase”).
+Added: The shares were repurchased at a purchase price of $27.40 per share (a 3.4% discount to the stated value of $28.37) plus $1.12 per share of accrued and unpaid dividends (or $2.7 million of accrued and unpaid dividends in the aggregate).
+Added: The total cost to complete the Series L Repurchase, including of transactions costs of $700,000, was $70.1 million.
+Added: In connection with the Series L Repurchase, the Company recognized redeemable preferred stock redemptions of $4.8 million on its consolidated statement of operations for the three and nine months ended September 30, 2022.
Defaults Upon Senior Securities
2 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.