Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Limitation on Payment of Dividends and Share Repurchases
The Credit Facility currently permits the payment of up to $29,430,000 of dividends and share repurchases for fiscal year 2022, subject to pro forma compliance with financial covenants.
Purchases of Equity Securities by the Issuer
Shares repurchased during the three months ended June 30, 2021 were as follows:
Periods
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Approximate
Dollar Value of
Shares That May
Yet Be Purchased
Under the Plans
or Programs (1)
April 1 - April 30, 2021:
Open market and privately negotiated purchases
-
$
-
-
$
20,169,000
May 1 - May 31, 2021:
Open market and privately negotiated purchases
-
$
-
-
20,169,000
June 1 - June 30, 2021:
Open market and privately negotiated purchases
-
$
-
-
20,169,000
Total
0
0
$
20,169,000
(1)
As of June 30, 2021, $16,831,000 was utilized and $20,169,000 remains available to repurchase shares under the authorized share repurchase program, subject to the limit in our Credit Facility. We retired the 730,521 shares repurchased under this program through June 30, 2021. Our share repurchase program does not obligate us to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.
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