−Removed: Market for Common Equity, and Related Shareholder Matters and Small Business Issuer Purchases of Equity Securities
+Added: Market for Common Equity, Related Shareholder Matters and Small Business Issuer Purchases of Equity Securities
Market Information
19 unchanged sentences
A portion represents a distribution of 2020 income.
+Added: A portion represents a distribution of 2019 income.
Represents a distribution of 2018 income.
1 unchanged sentence
**** Represents a distribution of 2017 income.
−Removed: Our ability to pay dividends, the amount of the dividend and the frequency at which we will pay dividends is subject to numerous factors, many of which are discussed elsewhere herein including under the caption “Risk Factors”.
−Removed: The payment of dividends (including the amount and frequency) will depend on numerous factors, including the following:
+Added: Our ability to pay dividends, the amount of the dividend and the frequency at which we will pay dividends is subject to numerous factors, many of which are discussed elsewhere herein including under the caption “Risk Factors.” These factors include the following:
● how quickly we can deploy the net proceeds from the sale of equity and debt securities to make new loans;
10 unchanged sentences
For information regarding securities authorized under the equity compensation plan, see Item 12.
−Removed: Selected Financial Data
−Removed: We are a “smaller reporting company” as defined by Regulations S-K and as such, are not required to provide the information contained in this item pursuant to Regulation S-K.
+Added: Stock Repurchase Plan
+Added: In October 2022, the Board adopted a stock repurchase plan (the “Repurchase Program”), pursuant to which we may repurchase up to an aggregate of $7,500,000 of our Common Shares.
+Added: Under the Repurchase Program, share repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market in accordance with applicable federal securities laws, including Rule 10b-18 and 10b5-1 of the Exchange Act.
+Added: The Repurchase Program is expected to continue through September 30, 2023, unless extended or shortened by the Board.
+Added: Ladenburg Thalmann & Co.
+Added: will act as our exclusive purchasing agent under the Repurchase Program.
+Added: No repurchases were made under the Repurchase Program during the fourth quarter of 2022.
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.