8 unchanged sentences
Subject to maintaining our status as a REIT for federal income tax purposes,
−Removed: we may manage our market risk on variable rate debt through the use of derivative instruments such as interest cap agreements to,
−Removed: in effect, cap the interest rate on all or a portion of the debt for varying periods up to maturity.
−Removed: In the future, we may use
−Removed: interest rate swaps or other derivatives that fi x the rate on all or a portion of our variable rate debt for varying periods up
+Added: we may manage our market risk on variable rate debt through the use of derivative instruments such as interest cap agreements
+Added: to, in effect, cap the interest rate on all or a portion of the debt for varying periods up to maturity.
+Added: In the future, we may
+Added: use interest rate swaps or other derivatives that fix the rate on all or a portion of our variable rate debt for varying periods
+Added: up to maturity.
This in turn, reduces the risks of variability of cash flows created by variable rate debt and mitigates the risk
5 unchanged sentences
arrangements in the future.
−Removed: As of June 30, 2020,
−Removed: our total indebtedness was approximately $84.3 million, consisting of approximately $67.5 million of variable-rate debt and approximately
−Removed: $16.8 million of fixed rate debt.
−Removed: Assuming no increase in the amount of our outstanding variable-rate indebtedness, if the one-month
−Removed: LIBOR were to increase or decrease by 0.50%, our cash flows would decrease or increase by approximately $337,000 on an annualized
+Added: As of September 30,
+Added: 2020, our total indebtedness was approximately $65.8 million, consisting of approximately $49.0 million of variable-rate debt
+Added: and approximately $16.8 million of fixed rate debt.
+Added: Assuming no increase in the amount of our outstanding variable-rate indebtedness,
+Added: if the one-month LIBOR were to increase or decrease by 0.50%, our cash flows would decrease or increase by approximately $245,000
+Added: on an annualized basis.
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.