Subsequent Events

6 Months Ended

Jun. 30, 2020

Real Estate Investment Activity

From July 1, 2020 through July 22, 2020 the Company disposed of three properties, for an aggregate gross sales price of $1.1 million, of which two properties were held for sale with an aggregate carrying value of $1.1 million as of June 30, 2020, and an estimated loss of $0.4 million.

There were no acquisitions from July 1, 2020 through July 22, 2020.

Series F Preferred Stock Redemption

On July 22, 2020, the Company redeemed 6.0 million shares of Series F Preferred Stock, representing approximately 19.44% of the issued and outstanding shares of Series F Preferred Stock. The shares of Series F Preferred Stock were redeemed at a redemption price of $25.00 per share plus accrued and unpaid dividends.

Common Stock Dividend

On August 5, 2020, the Company’s Board of Directors declared a quarterly cash dividend of $0.077 per share of Common Stock for the third quarter of 2020 to stockholders of record as of September 30, 2020, which will be paid on October 15, 2020. An equivalent distribution by the Operating Partnership is applicable per OP Unit.

Preferred Stock Dividend

On August 5, 2020, the Company’s Board of Directors declared a monthly cash dividend to holders of the Series F Preferred Stock for October 2020 through December 2020 with respect to the periods included in the table below. The corresponding record and payment dates for each month's Series F Preferred Stock dividend are also shown in the table below. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.



Period	Record Date	Payment Date
September 15, 2020 - October 14, 2020	October 1, 2020	October 15, 2020
October 15, 2020 - November 14, 2020	November 1, 2020	November 16, 2020
November 15, 2020 - December 14, 2020	December 1, 2020	December 15, 2020