Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities.
All of the repurchases below were made pursuant to tender offers authorizing the repurchase up to $100 million of our preferred stock. We publicly announced such tender offers on May 18, 2026 (dollars in thousands, except per share information). See Note 7 — Shareholders’ Equity of our consolidated financial statements in this Quarterly Report on Form 10-Q for further information. Pursuant to the tender offers, we repurchased 556,454 shares of Series A Preferred Stock and 566,229 shares of Series B Preferred Stock that were properly tendered at $22.50 per share for an aggregate purchase price of approximately $25.3 million, excluding fees and expenses relating to the tender offers.
During the three months ended June 30, 2026, we did not exercise any share repurchases of our Series A Preferred Stock or Series B Preferred Stock pursuant to the preferred stock repurchase plan authorized on May 2, 2025.
7.375% Series A Cumulative Redeemable Perpetual Preferred Stock
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly announced Plans or Programs Maximum Dollar Value that May Yet be Purchased Under the Plans or Programs
April 1, 2026 to April 30, 2026 — $— — $—
May 1, 2026 to May 31, 2026 — — — —
June 1, 2026 to June 30, 2026 556,454 22.50 — —
556,454 $22.50 — $—
7.125% Series B Cumulative Redeemable Perpetual Preferred Stock
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly announced Plans or Programs
Maximum Dollar Value that May Yet be Purchased Under the Plans or Programs
April 1, 2026 to April 30, 2026 — $— — $—
May 1, 2026 to May 31, 2026 — — — —
June 1, 2026 to June 30, 2026 566,229 22.50 — —
566,229 $22.50 — $—
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
46
Table of Contents
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.