Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Sales of Securities
On August 31, 2020, we issued 150 unregistered Common Shares to limited partners of the Operating Partnership in exchange for their Units, in reliance on the private offering exemption under Section 4(a)(2) of the Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities
Maximum Dollar
Total Number of Shares Amount of Shares That
Total Number of Average Price Purchased as Part of May Yet Be Purchased
Shares and Units Paid per Publicly Announced Under the Plans or
Period Purchased Share and Unit (1)
Plans or Programs Programs (2)
July 1 - 31, 2020 (3)
1,932 $ 25.48 1,932 $ 44,371,577
August 1 - 31, 2020 (4)
250 71.50 — 44,371,577
September 1 - 30, 2020 (4)
120 71.55 — 44,371,577
Total 2,302 $ 32.88 1,932
(1) Amount includes commissions paid.
(2) Represents amounts outstanding under our $50 million share repurchase program, which was authorized by our Board of Trustees on December 5, 2019.
(3) Includes 1,932 Series C Preferred Shares.
(4) Includes Units redeemed for cash pursuant to the exercise of exchange rights.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not Applicable
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