Preferred Dividends—On January 13, 2026, in order to preserve the Company’s liquidity position as it evaluates strategic alternatives, preferred dividends were suspended, including dividends previously declared for stockholders of record as of December 31, 2025 of the Company’s Series D, F, G, H and I Cumulative Preferred Stock.

The board of directors declared quarterly dividends per share as presented below:


	Three Months Ended March 31,
	2026		2025

8.45% Series D Cumulative Preferred Stock	$	—	$	0.5281
7.375% Series F Cumulative Preferred Stock	—		0.4609
7.375% Series G Cumulative Preferred Stock	—		0.4609
7.50% Series H Cumulative Preferred Stock	—		0.4688
7.50% Series I Cumulative Preferred Stock	—		0.4688

The table below presents the accumulated but unpaid dividends in arrears (in thousands):


	March 31, 2026


8.45% Series D Cumulative Preferred Stock ($0.53/share)	$	587
7.375% Series F Cumulative Preferred Stock ($0.46/share)	478
7.375% Series G Cumulative Preferred Stock ($0.46/share)	678
7.50% Series H Cumulative Preferred Stock ($0.47/share)	486
7.50% Series I Cumulative Preferred Stock ($0.47/share)	485

Shareholder Rights Plan—On December 15, 2025, we adopted a shareholder rights plan by entering into a Rights Agreement, dated December 15, 2025, with ComputerShare Trust Company, N.A., as rights agent (the “Rights Agreement”). The Rights Agreement is designed to prevent the Company from facing a substantial limitation on its ability to use its Tax Benefits (as such term is defined in the Rights Agreement) to offset potential future income taxes for federal income tax purposes and realize other efficiencies. The Board implemented the rights plan by declaring a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock. The dividends were distributed on December 26, 2025, to our stockholders of record on that date. Each of those Rights becomes exercisable on the date on which the Rights separate and begin trading separately from our common stock and entitles the registered holder to purchase from the Company one one-thousandth of a share of our Series N Junior Participating Preferred Stock, par value $0.01 per share (“Series N Preferred Stock”), at a price of $20 per one one-thousandth of a share of our Series N Junior Participating Preferred Stock represented by such Right, subject to adjustment. The Rights will expire on the earliest of (i) 5:00 p.m. New York City time on December 14, 2026, (ii) the effective date of the repeal of Section 382 of the Code or any successor statute if the Board determines in its sole discretion that the Rights Agreement is no longer necessary or desirable for the preservation of Tax Benefits, or (iii) the first day of a taxable year of the Company to which the Board determines in its sole discretion that no Tax Benefits may be carried forward, unless the expiration date is extended or unless the Rights are earlier redeemed by the Company. The value of the Rights was de minimis.