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Based upon that evaluation, our Managing Trustees, our President and our Chief Financial Officer and Treasurer concluded that our disclosure controls and procedures are effective.
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
This Quarterly Report on Form 10-Q contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws.
−Removed: These statements include words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions.
+Added: These statements include words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “would”, “should”, “may” and negatives or derivatives of these or similar expressions.
These forward-looking statements include, among others, statements about:
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demand for CRE debt and opportunities that may exist for alternative lenders like us;
−Removed: our future lending activity;
+Added: the diversity of our loan investment portfolio;
+Added: our future lending activity and opportunities;
the ability of our borrowers to achieve their business plans;
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• Yields that may be available to us from mortgages on middle market and transitional CRE;
−Removed: • The duration and other terms of our loan agreements with borrowers;
+Added: • The duration and other terms of our loan agreements with borrowers and our ability to match our loan investments with our repurchase lending arrangements;
• The credit qualities of our borrowers;
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• The extent to which our borrowers' sponsors provide support to our borrowers or us regarding our loans;
−Removed: • Our qualification for taxation as a REIT;
• Our ability to maintain our exemption from registration under the 1940 Act;
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• Actual and potential conflicts of interest with our related parties, including our Managing Trustees, Tremont, RMR, and others affiliated with them;
−Removed: • Acts of God, earthquakes, hurricanes, outbreaks or continuation of pandemics, or other public health safety events or conditions, supply chain disruptions, climate change and other man-made or natural disasters or acts of war, terrorism, social unrest or civil disturbances;
+Added: • Acts of God, earthquakes, hurricanes, outbreaks or continuation of pandemics, or other public health safety events or conditions, supply chain disruptions, climate change and other man-made or natural disasters or war, terrorism, social unrest or civil disturbances;
• Other matters.
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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.