4 unchanged sentences
Such information was obtained through our registrar and transfer agent, based on the results of a broker search;
+Added: however, the number of beneficial owners of our common stock may exceed this number.
No dividends may be paid on our common stock unless full cumulative dividends have been paid on our preferred stock.
14 unchanged sentences
2024 December 11, 2024 December 31, 2024 January 31, 2025 $0.35 (1)
−Removed: September 20, 2023 October 2, 2023 October 31, 2023 0.350
+Added: September 12, 2024 September 27, 2024 October 31, 2024 0.35
June 11, 2024 June 28, 2024 July 31, 2024 0.35
1 unchanged sentence
2023 December 13, 2023 December 29, 2023 January 31, 2024 $0.35 (2)
−Removed: September 13, 2022 September 30, 2022 October 31, 2022 0.440
+Added: September 20, 2023 October 2, 2023 October 31, 2023 0.35
June 15, 2023 June 30, 2023 July 31, 2023 0.35
4 unchanged sentences
A portion of this dividend was considered taxable income to the recipient in 2024.
−Removed: For more information see our 2023 Dividend Tax Information on our website.
−Removed: (3) The $0.44 per share dividend declared on March 11, 2022, has been adjusted to reflect our one-for-four reverse stock split effected on April 4, 2022 (the “Reverse Stock Split”);
−Removed: the amount actually paid in respect of such dividend was $0.11 per share, which was based on the pre-split number of shares held by stockholders at the record date for such dividend (March 22, 2022).
+Added: For more information see the Company’s 2024 Dividend Tax Information on its website.
We have not established a minimum payout level for our common stock.
Dividends are declared and paid at the discretion of our Board and depend on our cash available for distribution, financial condition, ability to maintain our qualification as a REIT, and such other factors that our Board may deem relevant.
−Removed: (See Part I, Item 1A., “Risk Factors” and Item 7, “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.)
+Added: (See Part I, Item 1A., “Risk Factors” and Item 7, “Management’s Discussion
+Added: 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.)
Purchases of Equity Securities
−Removed: On March 11, 2022, our Board authorized a stock repurchase program under which we may repurchase up to $250 million of our common stock through the end of 2023.
−Removed: The Board’s authorization superseded and replaced the authorization under our prior stock repurchase program that had been adopted in November 2020, which also authorized us to repurchase up to $250 million.
+Added: On February 29, 2024, the Company announced its Board had authorized a new $200 million stock repurchase program with respect to the Company’s common stock, which will be in effect through the end of 2025.
+Added: The Company’s prior stock repurchase program, which was adopted in March 2022, had authorized the repurchase of up to $250 million of the Company’s common stock and expired on December 31, 2023, with approximately $202.5 million remaining available at the date of expiration.
The stock repurchase program does not require the purchase of any minimum number of shares.
1 unchanged sentence
Acquisitions under the stock repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws (including, in our discretion, through the use of one or more plans adopted under Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended (or the Exchange Act)).
−Removed: We did not repurchase any shares of our common stock during the year ended December 31, 2023.
−Removed: Upon expiration of the repurchase authorization on December 31, 2023, approximately $202.5 million remained unused under our stock repurchase program.
+Added: We did not repurchase any shares of our common stock pursuant to the stock repurchase program during the year ended December 31, 2024.
+Added: The Company did withhold 129,949 shares (under the terms of grants under our Equity Compensation Plan (or Equity Plan)) during the first quarter of 2024 to satisfy tax and payroll withholding obligations resulting from the vesting and settlement of restricted stock awards and/or restricted stock units (RSUs).
Discount Waiver, Direct Stock Purchase and Dividend Reinvestment Plan
5 unchanged sentences
Stockholders who own common stock that is registered in a name other than their own (e.g., broker, bank or other nominee) and who want to participate in the DRSPP must either request such nominee holder to participate on their behalf or request that such nominee holder re-register our common stock in the stockholder’s name and deliver a completed enrollment form to the Plan Agent.
−Removed: During the years ended 2023 and 2022, we issued 6,666 and 80,027 shares of common stock through the DRSPP generating net proceeds of approximately $74,000 and $1.2 million, respectively.
+Added: During the year ended 2024, the Company did not issue any shares pursuant to its DRSPP.
+Added: During the year ended 2023, we issued 6,666 shares of common stock through the DRSPP generating net proceeds of approximately $74,000.
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.