3 unchanged sentences
The amount and timing of purchases of shares will depend on a number of factors, including the price and availability of shares, trading volume and general market conditions.
−Removed: The SRP has no termination date and may be suspended or discontinued at any time.
−Removed: As of September 30, 2022, share repurchases executed under the SRP were as follows:
−Removed: Period Shares Repurchased Average price paid per share Cost of shares repurchased
−Removed: (in thousands)
−Removed: June 2022 41,374 $7.32 $303
−Removed: August 2022 33,374 $7.15 $239
−Removed: September 2022 587,714 $7.10 $4,173
−Removed: Total as of September 30, 2022 662,462 $4,715
−Removed: 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”).
−Removed: 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).
−Removed: The total cost to complete the Series L Repurchase, including of transactions costs of $700,000, was $70.1 million.
−Removed: 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.
+Added: The SRP has no termination date and may be suspended or discontinued at any time.There were no were repurchases during the three months ended March 31, 2023.
+Added: As of March 31, 2023, the Company had repurchased 662,462 shares of Common Stock for $4.7 million.
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.