Subsequent Events |
9 Months Ended |
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Sep. 30, 2024 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events Dividends On October 21, 2024, the Company announced that the Company's Board of Directors declared dividends of $0.453125 and $0.406250 per share with respect to the Company's Series B Preferred Stock and Series C Preferred Stock, respectively. The dividends are payable on November 20, 2024 to shareholders of record of the Series B Preferred Stock and Series C Preferred Stock, as applicable, on November 8, 2024. Tender Offer On October 24, 2024, the Tender Offer expired in accordance with its terms. An aggregate of 688,670 shares of Series C Preferred Stock were properly tendered and not properly withdrawn at or below the final purchase price of $14.00 per share. The Company accepted for purchase all shares of Series C Preferred Stock that were properly tendered and not properly withdrawn at or below the final purchase price, which included 45,813 shares that the Company elected to purchase pursuant to its ability to purchase up to an additional 2% of its outstanding Series C Preferred Stock. The aggregate purchase price for the Series C Preferred Stock purchased in the Tender Offer is approximately $9.6 million, excluding fees and expenses relating to the Tender Offer. The shares purchased represent approximately 14% of the issued and outstanding Series C Preferred Stock as of October 28, 2024.
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