−Removed: MARKET FOR REGISTRANT’S
−Removed: COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
+Added: MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
−Removed: Until the completion of an Exchange Listing,
−Removed: if any, our outstanding Shares will be offered and sold in private offerings exempt from registration under the Securities Act under Section 4(a)(2)
−Removed: and Regulation D.
−Removed: There is no public market for our Shares currently, nor can we give any assurance that one will develop.
−Removed: Because Shares are being acquired by investors
−Removed: in one or more transactions “not involving a public offering,” they are “restricted securities” and may be required
−Removed: to be held indefinitely.
−Removed: Our Shares may not be sold, transferred, assigned, pledged or otherwise disposed of unless (i) our consent
−Removed: is granted, and (ii) the Shares are registered under applicable securities laws or specifically exempted from registration (in which
−Removed: case the stockholder may, at our option, be required to provide us with a legal opinion, in form and substance satisfactory to us, that
−Removed: registration is not required).
−Removed: Accordingly, an investor must be willing to bear the economic risk of investment in the Shares until we
−Removed: are liquidated.
−Removed: No sale, transfer, assignment, pledge or other disposition, whether voluntary or involuntary, of the Shares may be made
−Removed: except by registration of the transfer on our books.
−Removed: Each transferee will be required to execute an instrument agreeing to be bound by
−Removed: these restrictions and the other restrictions imposed on the Shares and to execute such other instruments or certifications as are reasonably
−Removed: required by us.
−Removed: Please see “Part III—Item
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” for disclosure regarding the
−Removed: As of March 9, 2023, we had 403 holders of
−Removed: record of our common stock.
+Added: Until the completion
+Added: of an Exchange Listing, if any, our outstanding shares of common stock will be offered and sold in private offerings exempt from registration
+Added: under the Securities Act under Section 4(a)(2) and Regulation D.
+Added: There is no public market for our shares of common stock currently,
+Added: nor can we give any assurance that one will develop.
+Added: Because shares of common
+Added: stock are being acquired by investors in one or more transactions “not involving a public offering,” they are “restricted
+Added: securities” and may be required to be held indefinitely.
+Added: Our shares of common stock may not be sold, transferred, assigned, pledged
+Added: or otherwise disposed of unless (i) our consent is granted, and (ii) the shares of common stock are registered under applicable
+Added: securities laws or specifically exempted from registration (in which case the stockholder may, at our option, be required to provide us
+Added: with a legal opinion, in form and substance satisfactory to us, that registration is not required).
+Added: Accordingly, an investor must be willing
+Added: to bear the economic risk of investment in the shares of common stock until we are liquidated.
+Added: No sale, transfer, assignment, pledge or
+Added: other disposition, whether voluntary or involuntary, of the shares of common stock may be made except by registration of the transfer
+Added: on our books.
+Added: Each transferee will be required to execute an instrument agreeing to be bound by these restrictions and the other restrictions
+Added: imposed on the shares of common stock and to execute such other instruments or certifications as are reasonably required by us.
+Added: see “Part III—Item 12.
+Added: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”
+Added: for disclosure regarding the holders.
+Added: As of February 22, 2024, we had 502 holders of record of our common
Distributions
2 unchanged sentences
Date Declared
−Removed: April 19, 2022
−Removed: April 20, 2022
+Added: March 7, 2023
+Added: March 31, 2023
April 14, 2023
−Removed: July 19, 2022
−Removed: July 20, 2022
+Added: June 30, 2023
July 14, 2023
−Removed: October 18, 2022
−Removed: October 13, 2022
+Added: August 10, 2023
+Added: September 29, 2023
October 13, 2023
−Removed: December 16, 2022
+Added: November 9, 2023
December 29, 2023
6 unchanged sentences
Dividend payment date
−Removed: shares issued
December 29, 2022
January 13, 2023
−Removed: April 20, 2022
+Added: March 31, 2023
April 14, 2023
−Removed: July 20, 2022
+Added: June 30, 2023
July 14, 2023
−Removed: October 13, 2022
+Added: September 29, 2023
October 13, 2023
−Removed: For the dividend declared on December 16, 2022 and paid on January
−Removed: 13, 2023, there were 57,860 shares issued with a DRIP value of $955.
−Removed: These shares are excluded from the table above, as the DRIP shares
−Removed: were issued after December 31, 2022.
+Added: For the dividend declared on November 9, 2023
+Added: with a record date of December 29, 2023 and paid on January 16, 2024, there were 95,791 shares issued with a DRIP value of $1,573.
+Added: shares are excluded from the table above, as the DRIP shares were issued after December 31, 2023.
All of the dividends declared during the year ended December 31, 2023
1 unchanged sentence
Recent Sales of Unregistered Securities
−Removed: As set forth in the table below (dollars in
−Removed: thousands, except per share amounts), during the year ended December 31, 2022, we issued and sold 16,305,034 shares of common stock at
−Removed: an aggregate offering amount of approximately $268.2 million.
−Removed: The issuance of the shares of common stock was exempt from the registration
−Removed: requirements of the Securities Act, pursuant to Section 4(a)(2) and Rule 506(b) of Regulation D thereof and previously reported by us
−Removed: on our current reports on Form 8-K.
+Added: As set forth in the table below (dollars in millions, except per share
+Added: amounts), during the year ended December 31, 2023, we issued and sold 5,422,524 shares of common stock at an aggregate offering amount
+Added: of approximately $90.6 million.
+Added: The issuance of the shares of common stock was exempt from the registration requirements of the Securities
+Added: Act, pursuant to Section 4(a)(2) and Rule 506(b) of Regulation D thereof and previously reported by us on our current reports on Form
Common stock issue date
shares issued
−Removed: January 24, 2022
−Removed: July 22, 2022
−Removed: October 31, 2022
−Removed: December 9, 2022
+Added: April 4, 2023
+Added: August 8, 2023
Total common stock issued
−Removed: The selected financial data previously required
−Removed: by Item 301 of Regulation S-K has been omitted in reliance on SEC Release No.
−Removed: 33-10890, Management’s Discussion and Analysis, Selected
−Removed: Financial Data, and Supplementary Financial Information.
+Added: The selected financial data previously required by Item 301 of Regulation
+Added: S-K has been omitted in reliance on SEC Release No.
+Added: 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and
+Added: Supplementary Financial Information.
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.