v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Preferred Stock Issued and Outstanding
The Company’s preferred stock issued and outstanding is as follows:
Liquidation Preference Per ShareDividend Rate in Effect at June 30, 2026Earliest Redemption DateDate at Which Dividend Rate Resets or Becomes Floating
Reset / Floating Rate
Margin Over Reset / Floating Rate
Shares Issued and Outstanding (in ones) atCarrying Value at
June 30,
2026 (1)
December 31, 2025 (1)
June 30, 2026December 31, 2025Issue Date
Fixed-rate:
Series D750,000 750,000 $1,000 $728 $728 03/07/165.95%06/01/21N/AN/AN/A
Series J600,000 600,000 1,000 584 584 03/30/214.450%06/01/26N/AN/AN/A
Fixed-to-floating rate/Fixed-rate reset:
Series F4,884 4,884 100,000 481 481 10/31/175.000%12/01/2712/01/27
3M LIBOR (2)
2.575%
Series H (3)
22,267 22,267 100,000 2,200 2,200 12/11/204.000%12/01/3012/01/30
10-Year Treasury
3.079%
Series I (4)
— 20,554 — — 2,030 03/18/21——— ——
Series K (5)
7,500 7,500 100,000 740 740 03/04/225.000%06/01/2706/01/27
5-Year Treasury
3.256%
Series L (5,6)
15,000 — 100,000 1,480 — 04/22/266.100%06/01/3106/01/31
5-Year Treasury
2.250%
Total preferred
   stock		1,399,651 1,405,205 $6,213 $6,763 
(1) Represented by depositary shares.
(2) The reset/floating rate for Series F will be determined by the calculation agent prior to the commencement of the floating rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR.
(3) The dividend rate for Series H resets on each ten-year anniversary from the first reset date.
(4) Series I was redeemed on June 1, 2026.
(5) The dividend rate for Series K and Series L resets on each five-year anniversary from the first reset date.
(6) The Series L dividend rate resets on each five-year anniversary beginning on June 1, 2031 based on a five-year treasury rate, representing the average yields on actively traded U.S. Treasury securities adjusted to constant maturity for five-year maturities. Series L is only redeemable on divided payment dates on or after the first reset date.
N/A Not applicable.
Dividends Declared
Dividends declared on the Company’s preferred stock are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount
Series D (1)
$11.1 $14.88 $11.1 $14.88 $22.3 $29.76 $22.3 $29.76 
Series F (2)
12.2 2,500.00 12.2 2,500.00 12.2 2,500.00 12.2 2,500.00 
Series G (3)
— — 33.0 1,343.75 — — 66.0 2,687.50 
Series H (1)
22.2 1,000.00 22.2 1,000.00 44.5 2,000.00 44.5 2,000.00 
Series I (4)
20.6 1,000.00 20.6 1,000.00 41.2 2,000.00 41.2 2,000.00 
Series J (1)
6.7 11.13 6.7 11.13 13.4 22.26 13.4 22.26 
Series K (1)
9.5 1,250.00 9.5 1,250.00 18.8 2,500.00 18.8 2,500.00 
Series L (5)
— — — — — — — — 
Total$82.3 $115.3 $152.4 $218.4 
(1) Dividends paid quarterly.
(2) Dividends paid semi-annually until December 1, 2027 and quarterly thereafter.
(3) Series G was redeemed on June 2, 2025. Prior to redemption, dividends were paid quarterly. The final dividend was paid on June 2, 2025.
(4) Series I was redeemed on June 1, 2026. Prior to redemption, dividends were paid quarterly. The final dividend was paid on June 1, 2026.
(5) Series L was issued on April 22, 2026. Dividends are paid quarterly. The first dividend payment will be on September 1, 2026.