3 unchanged sentences
Dividend Information
−Removed: We intend to pay quarterly dividends and to distribute to our stockholders all or substantially all of our taxable income in each year (subject to certain adjustments) consistent with the distribution requirements applicable to REITs, which will enable us to qualify for the tax benefits accorded to a REIT under the Internal Revenue Code.
+Added: We intend to pay monthly dividends and to distribute to our stockholders all or substantially all of our taxable income in each year (subject to certain adjustments) consistent with the distribution requirements applicable to REITs, which will enable us to qualify for the tax benefits accorded to a REIT under the Internal Revenue Code.
We have not established a minimum dividend payment level and our ability to pay dividends may be adversely affected for the reasons described in Part I.
19 unchanged sentences
Repurchases of Common Equity Securities
−Removed: In December 2011, our board of directors approved a share repurchase program with no stated expiration date.
−Removed: As of December 31, 2024, there were 1,816,359 common shares available for repurchase under the program.
+Added: As of December 31, 2025, we had the authority to repurchase 1,816,359 shares of common stock under our current common stock share repurchase program that does not expire.
The shares may be repurchased from time to time through privately negotiated transactions or open market transactions, including under a trading plan in accordance with Rules 10b5-1 and 10b-18 under the Exchange Act or by any combination of such methods.
−Removed: manner, price, number and timing of share repurchases will be subject to a variety of factors, including market conditions and applicable SEC rules.
+Added: The manner, price, number and timing of share
+Added: repurchases will be subject to a variety of factors, including market conditions and applicable SEC rules.
During the quarter ended December 31, 2025, we did not repurchase any shares of our common stock.
19 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.