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12. SUBSEQUENT EVENTS
3 Months Ended
Jul. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

12.       SUBSEQUENT EVENTS

 

On September 5, 2018, our Board of Directors declared a quarterly cash dividend of $0.65625 per share on our Series E Preferred Stock. The dividend payment is equivalent to an annualized 10.50% per share, based on the $25.00 per share stated liquidation preference, accruing from July 1, 2018 through September 30, 2018. The cash dividend is payable on October 1, 2018 to holders of the Series E Preferred Stock of record on September 17, 2018.