SHARE OFFERINGS AND FEES

9 Months Ended

Mar. 31, 2024

SHARE OFFERINGS AND FEES [Abstract]

SHARE OFFERINGS AND FEES

NOTE 12 – SHARE OFFERINGS AND FEES

During the nine months ended March 31, 2024, we issued 185,819.74 common shares with total gross proceeds of $1,371,332 under the DRIP. Additionally, in July 2023, we issued 2,265 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.

During the nine months ended March 31, 2024, we issued 80,280.31 Series A preferred shares with total gross proceeds of $2,005,743 and 16,612.44 Series B preferred shares with total gross proceeds of $404,200 under the Offering Circular and incurred syndication costs of $539,033 in relation to preferred shares offering. For the nine months ended March 31, 2024, we issued 5,719.07 Series A preferred shares with total gross proceeds of 128,680 under the DRIP.

During the nine months ended March 31, 2023, we issued 131,046.97 common shares with total gross proceeds of $1,208,909 under the DRIP. In addition, in September 2022, we issued 169.67 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.

During the nine months ended March 31, 2023, we issued 468,425.06 Series A preferred shares with total gross proceeds of $11,449,495 under the Offering Circular and 735.66 Series A preferred shares with total gross proceeds of $39,988 under the DRIP. For the nine months ended March 31, 2023, we incurred selling commissions and fees of $1,363,238 in relation to preferred shares offering.