| SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS Financing Activity
Equity Activity—Equity Issuances
The following table provides information on equity sales that occurred subsequent to September 30, 2025 (dollars in thousands, except per-share amounts):
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| Type of Issuance |
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Number of
Shares Sold |
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Weighted Average Offering Price
Per Share |
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Gross Proceeds |
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Net Proceeds(1)
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| Common Stock – ATM Program |
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$ |
959,432 |
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$ |
9.26 |
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$ |
8,884 |
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$ |
8,795 |
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(1)Net of underwriting discounts and commissions.
Distributions
On October 14, 2025, our Board of Directors declared the following monthly cash distributions to holders of our preferred and common stock:
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| Issuance |
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Record Date |
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Payment Date |
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Distribution per Share |
| Series B Preferred Stock: |
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October 24, 2025 |
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October 31, 2025 |
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$ |
0.125 |
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November 17, 2025 |
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November 26, 2025 |
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0.125 |
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December 22, 2025 |
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December 31, 2025 |
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0.125 |
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| Total Series B Preferred Stock Distributions: |
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$ |
0.375
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| Series C Preferred Stock: |
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October 24, 2025 |
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October 31, 2025 |
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$ |
0.125 |
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November 17, 2025 |
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November 26, 2025 |
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0.125 |
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December 22, 2025 |
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December 31, 2025 |
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0.125 |
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| Total Series C Preferred Stock Distributions: |
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$ |
0.375
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| Series D Term Preferred Stock: |
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October 24, 2025 |
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October 31, 2025 |
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$ |
0.104167 |
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November 17, 2025 |
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November 26, 2025 |
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0.104167 |
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December 22, 2025 |
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December 31, 2025 |
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0.104167 |
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| Total Series D Term Preferred Stock Distributions: |
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$ |
0.312501
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| Series E Preferred Stock: |
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October 27, 2025 |
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November 5, 2025 |
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$ |
0.104167 |
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November 25, 2025 |
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December 5, 2025 |
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0.104167 |
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December 29, 2025 |
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January 5, 2026 |
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0.104167 |
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| Total Series E Preferred Stock Distributions: |
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$ |
0.312501
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| Common Stock: |
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October 24, 2025 |
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October 31, 2025 |
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$ |
0.0467 |
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November 17, 2025 |
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November 26, 2025 |
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0.0467 |
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December 22, 2025 |
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December 31, 2025 |
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0.0467 |
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| Total Common Stock Distributions |
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$ |
0.1401
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