v3.26.1
Equity (Tables)
 3 Months Ended
Jun. 30, 2026
Equity  
Schedule of outstanding warrants
The following table summarizes the outstanding warrants at June 30, 2026:
Issuance Date and DescriptionNumber of WarrantsExercise Price
October 31, 2019
Premium warrants1,250,000 $16.28 
Par warrants875,000 $13.56 
2025 Plan Service Award | 2025 Long-Term Incentive Plan [Member]  
Equity  
Schedule of nonvested awards activity
The following table summarizes the Service Award activity during the three months ended June 30, 2026:
Weighted-Average
Grant Date
Number ofFair Value
UnitsPer Unit
Unvested Service Award units at March 31, 20262,080,000 $11.71 
Units vested and issued(1,000,000)$11.71 
Unvested Service Award units at June 30, 20261,080,000 $11.71 
Schedule of scheduled vesting of awards
The following table summarizes the scheduled vesting of our unvested Service Awards at June 30, 2026:
Year Ending March 31,
2027 (nine months)13,334
202826,667
20291,026,666
203013,333
Total1,080,000
Schedule of estimated equity-based expense to be recorded on the awards granted
The following table summarizes the estimated future expense we expect to record on the unvested Service Awards at June 30, 2026 (in thousands):
Year Ending March 31,
2027 (nine months)$4,517 
20286,170 
2029329 
2030133 
Total11,149 
Series B Preferred Stock  
Equity  
Schedule of distributions declared
The following table summarizes the distributions declared on our Class B Preferred Units during the last two quarters:
Three-MonthDistribution Amount Paid to Class B
Date DeclaredRecord DatePayment DateSOFRRatePreferred Unitholders
(in thousands)
March 18, 2026April 1, 2026April 15, 20263.661 %$0.6960 $8,759 
June 17, 2026July 1, 2026July 15, 20263.692 %$0.6979 $8,784 
Series C Preferred Stock  
Equity  
Schedule of distributions declared
The following table summarizes the distributions declared on our Class C Preferred Units during the last two quarters:
Three-MonthDistributionAmount Paid to Class C
Date DeclaredRecord DatePayment DateSOFRRatePreferred Unitholders
(in thousands)
March 18, 2026April 1, 2026April 15, 20263.661 %$0.6903 $1,243 
June 17, 2026July 1, 2026July 15, 20263.692 %$0.6922 $1,246 
Series D Preferred Stock  
Equity  
Schedule of distributions declared
The following table summarizes the distributions declared on our Class D Preferred Units during the last two quarters:
Three-MonthDistributionAmount Paid to Class D
Date DeclaredRecord DatePayment DateSOFRRatePreferred Unitholders
(in thousands)
March 18, 2026April 1, 2026April 15, 20263.661 %$27.74 $8,751 
June 17, 2026July 1, 2026July 15, 20263.692 %$27.82 $8,776