17. Subsequent Events

Distributions Declared

On July 27, 2026, the Board approved a quarterly cash distribution of $0.03 per common share, payable on September 30, 2026 to shareholders of record on September 15, 2026. The distribution reflects a change from the cash-and-share distribution structure introduced by the Company in 2023. The amount of the cash distribution remains unchanged from the cash component of the distribution on the Company’s common shares paid on March 31, 2026, while the share component has been discontinued. Also on July 27, 2026, the Board approved a quarterly distribution of $0.34375 per Series A Preferred Share, payable on September 30, 2026 to shareholders of record on September 23, 2026.

Cityplace Debt Extension

Effective July 8, 2026, the lender agreed to defer the maturity of the Cityplace debt to November 8, 2026.

Dominion Debt Extension

Effective August 8, 2026, the lender agreed to defer the maturity of the Dominion Note to August 8, 2027.