Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) Not applicable.
(b) Not applicable.
(c) Purchases of equity securities by the issuer and affiliated purchasers:
Period
Total Number Of Common Shares Purchased
Average Price Paid Per Common Share
Total Number Of Common Shares Purchased As Part Of Publicly Announced Plans Or Programs
Approximate Dollar Value Of Common Shares That May Yet Be Purchased Under the Plan Or Programs
April 1, 2023 - April 30, 2023
2,399,238
$
14.17
2,399,238
$
322,367,801
May 1 2023 - May 31, 2023
4,065,637
14.54
4,065,637
763,155,096
June 1, 2023 - June 30, 2023
2,856,095
14.86
2,856,095
720,668,410
Total for the three months ended June 30, 2023
9,320,970
14.54
9,320,970
Total for the six months ended June 30, 2023
10,526,158
14.79
10,526,158
Program total since inception in March 2020 (1)
33,823,567
23.02
33,823,567
(1) During the third quarter of 2023, through the date of this filing, we repurchased and retired 2.0 million common shares for $31.5 million, a weighted average purchase price per share of $16.03, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
In June 2022, our Board of Trustees authorized the repurchase of up to $1.0 billion of our outstanding common shares, and in May 2023, increased the authorized repurchase amount to $1.5 billion. Purchases under the program are made either in the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by us at our discretion and will be subject to economic and market conditions, share price, applicable legal requirements and other factors. The program may be suspended or discontinued at our discretion without prior notice, and, in any event .
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.