3 unchanged sentences
Distributions
−Removed: We intend to make distributions each taxable year equal to at least 90% of our REIT taxable income (not including a return of capital for federal income tax purposes).
−Removed: One of our primary goals is to pay regular quarterly distributions to our stockholders.
+Added: We intend to make distributions each taxable year equal to at least 90% of our REIT taxable income.
The amount of distributions paid and the taxable portion thereof in prior periods are not necessarily indicative of amounts anticipated in future periods.
The amount of distributions to common stockholders is determined by our board of directors and is dependent upon a number of factors, including funds deemed available for distribution, based principally on our current and future projected operating cash flows reduced by outstanding debt service and capital requirements necessary to maintain our existing portfolio, our future capital needs, our future sources of liquidity, and the annual distribution requirements necessary to maintain our status as a REIT under the Code.
−Removed: Our board of directors declared a quarterly dividend of $0.21 per common share for the first and second quarter of 2023, and a quarterly dividend of $0.125 per common share for the third and fourth quarter of 2023.
−Removed: During the year ended December 31, 2023, we had a board-authorized stock repurchase program in place that allowed management to repurchase shares of our common stock when they believed such purchases would be a prudent use of capital.
−Removed: No shares were repurchased during the year ended December 31, 2023.
−Removed: As of December 31, 2023, approximately $150.5 million of share repurchase capacity remained;
−Removed: however, this plan expired in February 2024 with no additional purchases.
+Added: Our board of directors declared a quarterly dividend of $0.125 per common share for each of the four quarters in the year ended December 31, 2024.
Index to Financial Statements
16 unchanged sentences
There were no repurchases of shares of our common stock during the fourth quarter of 2024.
−Removed: As of December 31, 2023 approximately $150.5 million remains available under our board-authorized stock repurchase program;
−Removed: however, this plan expired in February 2024 with no additional purchases.
Index to Financial Statements
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.