13 unchanged sentences
"Management’s Discussion and Analysis of Financial Condition and Results of Operations," of this Annual Report on Form 10-K, for information regarding the sources of funds used for dividends and for a discussion of factors, if any, which may adversely affect our ability to pay dividends.
−Removed: Stockholder Return Performance
+Added: Stock Performance Graph
Our common stock began trading on the NYSE under the symbol “FBRT” as of October 19, 2021.
−Removed: The following graph is a comparison of the cumulative total stockholder return on shares of our common stock, the Standard & Poor's [1500] (the "S&P 1500"), and the Bloomberg REIT Mortgage Index (the "BBREMTG Index"), a published industry index, from October 19, 2021 to December 31, 2021.
−Removed: The graph assumes that $100 was invested on October 19, 2021 in our common stock, the S&P 1500 and the BBREMTG Index and that all dividends were reinvested without the payment of any commissions.
+Added: The following graph is a comparison of the cumulative total stockholder return on shares of our common stock, the Standard & Poor's 1500 (the "S&P 1500"), and the Bloomberg REIT Mortgage Index (the "Bloomberg Mortgage Index"), a published industry index, from October 19, 2021 to December 31, 2022.
+Added: The graph assumes that $100 was invested on October 19, 2021 in our common stock, the S&P 1500 and the Bloomberg Mortgage Index and that all dividends were reinvested without the payment of any commissions.
There can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below.
5 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The Company and its affiliates did not purchase any shares of the Company’s common stock during the three months ended December 31, 2021.
−Removed: The Company’s board of directors has authorized a $65 million share repurchase program that will become operative following the conclusion of the $35 million open market share purchase program the Advisor agreed to implement in connection with the Capstead acquisition.
+Added: In connection with our merger with Capstead, our Advisor committed to a $35 million open market share purchase program.
+Added: As of July 8, 2022, the Advisor had purchased its entire $35 million commitment under the program.
+Added: In addition, the Company’s board of directors authorized a $65 million share repurchase program that became operative following the conclusion of the Advisor's purchase program.
The Company’s share repurchase program authorizes share repurchases at prices below the most recently reported book value per share as determined in accordance with GAAP.
Purchases made under the Company’s program may be made through open market, block, and privately negotiated transactions, including Rule 10b5-1 plans, as permitted by securities laws and other legal requirements.
−Removed: The timing, manner, price and amount of any purchases by the Company and the Advisor will be determined by the respective teams responsible at the Company and the Advisor, as applicable, in their reasonable business judgment and consistent with the exercise of their legal duties and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors.
−Removed: The Company share repurchase program does not obligate the Company to acquire any particular amount of common stock.
−Removed: The Company’s and the Advisor’s share purchase programs will remain open until at least November 2022 or until the capital committed to the applicable repurchase program has been exhausted, whichever is sooner.
+Added: The timing, manner, price and amount of any purchases by the Company are determined by the Company in its reasonable business judgment and consistent with the exercise of its legal duties and are subject to economic and market conditions, stock price, applicable legal requirements and other factors.
+Added: The Company's share repurchase program does not obligate the Company to acquire any particular amount of common stock.
+Added: The Company’s share repurchase program will remain open until at least December 31, 2023 or until the capital committed to the applicable repurchase program has been exhausted, whichever is sooner.
Repurchases under the Company’s share repurchase program may be suspended from time to time at the Company’s discretion without prior notice.
−Removed: Selected Financial Data.
−Removed: Intentionally Omitted.
+Added: The following table sets forth purchases of the Company's common stock under the Company's share repurchase program for the year ended December 31, 2022:
+Added: Total number of shares purchased Average price paid per share (1)
+Added: Total number of shares purchased as part of publicly announced plans or programs (2)
+Added: Approximate dollar value of shares that may yet be purchased under the plans or programs (2)
+Added: October 1, 2022 - October 31, 2022 485,316 11.42 485,316 $ 48,421,138
+Added: November 1, 2022 - November 30, 2022 — — — —
+Added: December 1, 2022 - December 31, 2022 — — — —
+Added: Total 485,316 $ 11.42 485,316 $ 48,421,138
+Added: _______________________
+Added: (1) The average price paid per share represents the average of the gross purchase price per share, inclusive of any broker’s fees or commissions.
+Added: (2) All of the purchases listed in the table above were made in the open market under the Company's share purchase program announced on July 26, 2021, including under a Rule 10b5-1 plan adopted by the Company.
+Added: As of March 1, 2023, $48.4 million remains available under the Company’s share repurchase program.
+Added: The information required by Item 5 with respect to securities authorized for issuance under equity compensation plans is incorporated herein by reference to Part III, Item 12 of this Form 10-K.
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.