TAX

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

TAX

TAX

The Company has not recorded a liability for any uncertain tax positions pursuant to the provisions of ASC 740, Income Taxes, as of September 30, 2022 and December 31, 2021.

In the normal course of business, the Company is subject to examination by federal and certain state, local and foreign tax regulators. As of September 30, 2022 and December 31, 2021, the Company had filed tax returns and therefore is subject to examination.

The Company’s taxable income for each period is an estimate and will not be finally determined until the Company files its tax return for each year. Therefore, the final taxable income, and the taxable income earned in each period and carried forward for distribution in the following period, may be different than this estimate. The estimated tax character of dividends declared on preferred stock and common stock for nine month periods ended September 30, 2022 and 2021 was as follows:

	For the nine month periods ended
	September 30, 2022		September 30, 2021
Ordinary income	$	65,211	$	62,864
Tax return of capital	$	—	$	—