Subsequent events |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
Subsequent events | Subsequent events One Big Beautiful Bill On July 4, 2025, H.R.1 - One Big Beautiful Bill Act (the "Act") was enacted into law. The Act provides for significant U.S. tax law modifications, including with respect to business interest expense limitations, research and development deductions, depreciation on capital assets and the Base Erosion and Anti-Abuse Tax (BEAT) rate. ASC 740, “Income Taxes,” requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the changes are enacted. The Company is assessing the Act and its effect on its consolidated financial statements, if any, which the Company expects to begin reflecting in the three month period ending September 30, 2025. Dividend On July 10, 2025, the Company announced that its Board of Directors declared a dividend for the third quarter of 2025 of $0.17 per common share, which is payable on September 25, 2025 to shareholders of record as of the close of business on September 11, 2025. The declaration of any future dividends will be at the discretion of the Board of Directors and subject to Bermuda and other applicable laws.
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