v3.26.1
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Dividends Payable [Line Items]  
Schedule of Distributions

During the six months ended June 30, 2026, the Company made the following distributions:

Payment Date (1)

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

June 30, 2026

 

$

0.15

 

 

5/22/2026

 

5/22/2026

March 31, 2026

 

$

0.15

 

 

2/20/2026

 

2/20/2026

(1)
The distributions paid consisted of a combination of cash and shares, with the cash component of the distribution (other than cash paid in lieu of fractional shares) comprising 20% of the distribution, with the balance being paid in the Company's common shares.

During the six months ended June 30, 2025, the Company made the following distributions:

Payment Date (1)

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

June 30, 2025

 

$

0.15

 

 

5/9/2025

 

5/9/2025

March 31, 2025

 

$

0.15

 

 

2/28/2025

 

2/28/2025

(1)
The distributions paid consisted of a combination of cash and shares, with the cash component of the distribution (other than cash paid in lieu of fractional shares) comprising 20% of the distribution, with the balance being paid in the Company's common shares.

During the six months ended June 30, 2026, the Company made the below distributions on its Series A Preferred Shares:

 

Payment Date

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

June 30, 2026

 

$

0.34375

 

 

6/23/2026

 

6/23/2026

March 31, 2026

 

$

0.34375

 

 

3/24/2026

 

3/24/2026

During the six months ended June 30, 2025, the Company made the below distributions on its Series A Preferred Shares:

 

Payment Date

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

June 30, 2025

 

$

0.34375

 

 

6/23/2025

 

6/23/2025

March 31, 2025

 

$

0.34375

 

 

3/24/2025

 

3/24/2025

During the six months ended June 30, 2026, the Company declared the below distributions on its Series B Preferred Shares:

Payment Date

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

October 5, 2026

 

$

0.18750

 

 

9/25/2026

 

9/25/2026

September 8, 2026

 

$

0.18750

 

 

8/25/2026

 

8/25/2026

August 5, 2026

 

$

0.18750

 

 

7/24/2026

 

7/24/2026

July 6, 2026

 

$

0.18750

 

 

6/25/2026

 

6/25/2026

June 5, 2026

 

$

0.18750

 

 

5/22/2026

 

5/22/2026

May 5, 2026

 

$

0.18750

 

 

4/24/2026

 

4/24/2026

 

During the six months ended June 30, 2025, the Company declared the below distributions on its Series B Preferred Shares:

Payment Date

 

Distribution Rate per Share

 

 

Ex-Date

 

Record Date

October 6, 2025

 

$

0.18750

 

 

9/25/2025

 

9/25/2025

September 5, 2025

 

$

0.18750

 

 

8/25/2025

 

8/25/2025

August 5, 2025

 

$

0.18750

 

 

7/25/2025

 

7/25/2025

July 7, 2025

 

$

0.18750

 

 

6/25/2025

 

6/25/2025

June 5, 2025

 

$

0.18750

 

 

5/23/2025

 

5/23/2025

April 7, 2025

 

$

0.18750

 

 

3/25/2025

 

3/25/2025

March 5, 2025

 

$

0.18750

 

 

2/25/2025

 

2/25/2025

Share-Based Payment Arrangement, Restricted Stock Unit, Activity

The following table includes the number of restricted share units granted, vested, forfeited and outstanding as of and for the six months ended June 30, 2026:

 

 

2026

 

 

 

Number of Units

 

 

Weighted Average
Grant Date
Fair Value

 

Outstanding January 1, 2026

 

 

2,463,802

 

 

$

5.81

 

Granted

 

 

1,290,544

 

 

4.95

 

Vested

 

 

(796,812

)

(1)

4.56

 

Forfeited

 

 

(3,016

)

 

 

4.20

 

Outstanding June 30, 2026

 

 

2,954,518

 

 

$

5.77

 

 

(1)
Certain key employees of the Adviser elected to net the taxes owed upon the vesting against the shares issued resulting in 583,291 shares being issued as shown on the Consolidated Statements of Equity.

The following table contains information regarding the vesting of restricted share units under the LTIPs as of June 30, 2026:

 

 

Shares Vesting

 

 

 

February

 

 

March

 

 

April

 

 

June

 

 

Total

 

2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2027

 

 

355,298

 

 

 

234,527

 

 

 

246,545

 

 

 

253,000

 

 

 

1,089,370

 

2028

 

 

661,973

 

 

 

234,527

 

 

 

 

 

 

 

 

 

896,500

 

2029

 

 

661,973

 

 

 

 

 

 

 

 

 

 

 

 

661,973

 

2030

 

 

306,675

 

 

 

 

 

 

 

 

 

 

 

 

306,675

 

Total

 

 

1,985,919

 

 

 

469,054

 

 

 

246,545

 

 

 

253,000

 

 

 

2,954,518