| Schedule of repurchases of common and preferred stock |
Details of the Company’s common and preferred stock repurchases were as follows (dollars in thousands): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Number of common shares | | | 1,195,325 | | | 10,301,090 | | | 4,380,093 | | | 11,122,861 | Number of preferred shares (1) | | | 1,015,896 | | | — | | | 1,380,991 | | | — | Total cost, including fees and commissions | | $ | 32,274 | | $ | 90,454 | | $ | 68,742 | | $ | 98,470 |
| (1) | The Company repurchased 328,438 shares and 571,200 shares of its Series H preferred stock during the three and six months ended June 30, 2026, respectively, at average repurchase prices, before expenses, of $21.07 and $20.94 per share, respectively. The Company repurchased 687,458 shares and 809,791 shares of its Series I preferred stock during the three and six months ended June 30, 2026, respectively, at average repurchase prices, before expenses, of $20.25 and $20.00 per share, respectively. As the Series H and Series I preferred stock were repurchased at a discount to their respective carrying |
| | values, the Company recorded net gains of $1.0 million and $2.7 million related to the Series H and Series I repurchases, respectively, for the three months ended June 30, 2026, and net gains of $1.8 million and $3.4 million related to the Series H and Series I repurchases, respectively, for the six months ended June 30, 2026. These gains were included in preferred stock dividends, net of gain on repurchases on the accompanying consolidated statement of operations for the three and six months ended June 30, 2026. |
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