10 unchanged sentences
Our future distributions may vary and will be determined by the Company’s Board of Directors based upon the circumstances prevailing at the time, including our financial condition, operating results, estimated taxable income and REIT distribution requirements, and may be adjusted at the discretion of the Board of Directors.
−Removed: The Company’s Board of Directors declared and paid a quarterly dividend of $0.10 per share for each of the four quarters of 2023.
+Added: The Company’s Board of Directors declared and paid a quarterly cash dividend of $0.10 per share for each of the four quarters of 2024.
+Added: On March 4, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.02 per share for the first quarter of 2025, payable on April 15, 2025 to stockholders of record as of March 31, 2025, representing a new annualized dividend rate of $0.08 per share.
+Added: This change in dividend policy will enable us to retain approximately $17.9 million of cash annually.
+Added: The new policy is also consistent with our strategy shift as we seek the lowest cost of funds to maintain and grow existing tenancy, continue to shift towards more dedicated use assets and efficiently refinance our debt obligations as they come due.
As of February 28, 2025, the Company had approximately 8,986 stockholders of record of its common stock.
4 unchanged sentences
The Share Repurchase Program does not obligate the Company to make any repurchases at a specific time or in a specific situation.
−Removed: Repurchases are subject to prevailing market conditions, the trading price of the Company’s common stock, the Company’s liquidity needs, financial performance and other conditions.
+Added: Repurchases are subject to prevailing market conditions, the trading price of the Company’s common stock, the Company’s liquidity and anticipated liquidity needs, financial performance and other conditions.
Shares of common stock repurchased by the Company under the Share Repurchase Program, if any, will be returned to the status of authorized but unissued shares of common stock.
3 unchanged sentences
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.