What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2024-04-26 compared with 2023-10-26 · 1 added, 1 removed, 24 unchanged (8% of the section changed)

23 unchanged sentences

In addition, the following discussion does not take into account our Series A and Series B preferred shares, on which distributions currently accrue interest at a fixed rate but will accrue interest at a floating rate based on a certain variable interest rate index plus a spread from and after September 15, 2024.

As of September 30, 2023, assuming we do not hedge our exposure to interest rate fluctuations related to our outstanding floating rate debt, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an increase of approximately $2.5 million or a decrease of approximately $2.5 million in interest expense over the next 12 months.

As of March 31, 2024, assuming we do not hedge our exposure to interest rate fluctuations related to our outstanding floating rate debt, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an increase of approximately $1.8 million or a decrease of approximately $1.8 million in interest expense over the next 12 months.

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.