UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
+Added: Refer to the section entitled Exchange Offer under Item 2.
+Added: Management's Discussion and Analysis of Financial Condition and Results of Operations for a discussion of our offer to exchange newly issued shares of common stock for up to 250,470 shares of our Series A Preferred Stock, up to 556,600 shares of our Series B Preferred Stock, and up to 556,600 shares of our Series C Preferred Stock.
DEFAULTS UPON SENIOR SECURITIES.
In order to conserve capital and preserve liquidity, on March 27, 2020, our Board of Directors approved a suspension of our quarterly dividends on our common stock, 8.25% Series A Cumulative Redeemable Preferred Stock, 8.00% Series B Cumulative Redeemable Preferred Stock, and 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, beginning with the common dividends that normally would have been declared in March 2020 and the preferred dividend that would have been declared in May 2020.
−Removed: Based on current conditions for the Company, we do not anticipate paying dividends on our common or preferred stock for the foreseeable future.
−Removed: As a result, we did not declare or accrue quarterly dividends on our Common or Preferred Stock during the three months ended June 30, 2020.
+Added: As a result, we did not declare or accrue quarterly dividends on our Common or Preferred Stock during the three months ended September 30, 2020 and June 30, 2020.
Pursuant to the terms of our Preferred Stock, all unpaid dividends on our preferred stock accrue without interest and such accumulated and unpaid dividend must be satisfied before any cash dividends can be paid to the holders of our common stock.
−Removed: As of June 30, 2020, the amount of accrued and unpaid dividends on our Series A, Series B and Series C Preferred Stock is $1.1 million, $2.3 million and $2.3 million, respectively.
+Added: As of September 30, 2020, the amount of accrued and unpaid dividends on our Series A, Series B and Series C Preferred Stock is $2.1 million, $4.6 million and $4.6 million, respectively.
Refer to Note 9 of the "Notes to the Consolidated Financial Statements" for details regarding arrearages on our Series A, Series B and Series C Preferred Stock and Note 12 of the "Notes to the Consolidated Financial Statements" for further detail on our Series A, Series B and Series C Preferred Stock.
+Added: Subsequent to quarter end, the Company announced that its Board of Directors has approved, and the Company has declared and set apart for payment on December 17, 2020, the next regular payment date, all accrued and unpaid cash dividends on its 8.25% Series A Cumulative Redeemable Preferred Stock, 8.00% Series B Cumulative Redeemable Preferred Stock, and 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock that were in arrears as well as the full dividends payable on the preferred stock for the fourth quarter of 2020 in the amount of $1.54689, $1.50 and $1.50 per share, respectively.
+Added: The dividends will be paid on December 17, 2020 to holders of record on November 30, 2020.
MINE SAFETY DISCLOSURES
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