Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Shareholder
Matters and Issuer Purchases of Equity Securities.
(a)
Market
Information
Our Common Stock is currently listed on the NYSE
under the symbol “XL.”
(b)
Holders
As of February 25, 2022, there were approximately
85 holders of record of our Common Stock. This figure does not include shareholders whose certificates are held in the name of their broker-dealers
or other nominees.
(c)
Dividends
We have not paid any cash dividends on our Common
Stock to date. We may retain future earnings, if any, for future operations, expansion and debt repayment and have no current plans to
pay cash dividends for the foreseeable future. Any decision to declare and pay dividends in the future will be made at the discretion
of our board of directors and will depend on, among other things, our results of operations, financial condition, cash requirements,
contractual restrictions and other factors that our board of directors may deem relevant. In addition, our ability to pay dividends may
be limited by covenants of any existing and future outstanding indebtedness we or our subsidiaries incur. We do not anticipate declaring
any cash dividends to holders of the Common Stock in the foreseeable future.
(d)
Securities
Authorized for Issuance Under Equity Compensation Plans
See Item 12 of Part III of this Annual Report
on Form 10-K regarding information about securities authorized for issuance under our equity compensation plans.
(e)
Recent Sales
of Unregistered Securities
We had no sales of unregistered equity securities
during the period covered by this Annual Report on Form 10-K that were not previously reported in a Current Report on Form 8-K or Quarterly
Report on Form 10-Q.
(f)
Issuer Purchases of Equity Securities
None.
Item 6. [Reserved]
34
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