NOTE 14 – STOCKHOLDER DIVIDENDS AND DRIP

The following table reflects the dividends per share that we have declared on our preferred stock during the year ended June 30, 2026:

		Dividends
		Common Stock								Series A Preferred Stock								Series B Preferred Stock								Series C Preferred Stock
During the Quarter Ended		Per Share				Amount				Per Share				Amount				Per Share				Amount				Per Share				Amount
September 30, 2025		$	-			$	-			$	0.375			$	285,758			$	0.750			$	88,878			$	0.563			$	6,465
December 31, 2025			-				-				0.375				280,892				0.750				90,198				0.563				18,915
March 31, 2026			-				-				0.375				276,780				0.750				92,230				0.563				27,189
June 30, 2026			-				-				0.375				274,125				0.750				93,469				0.563				30,022
		$	-			$	-			$	1.500			$	1,117,555			$	3.000			$	364,775	*		$	2.250			$	82,591

*Of the total dividends declared for Series B during the year ended June 30, 2026, $273,582 was an increase in liquidation preference and $91,193 was the cash dividend.

During the year ended June 30, 2026, we did not issue any common shares under our common stock DRIP since the plan was suspended in March 2024. During the year ended June 30, 2026, $187,418 of Series A preferred dividends, $25,697 of Series B preferred dividends and $1,508 of Series C preferred dividends were reinvested under the preferred stock DRIP.

On May 19, 2025, following a review of the Company’s financials, the current economic climate, the potential impact of tariffs on demand for office and retail space, and the increased likelihood of a near-term recession, the Board of Directors approved the suspension of the regular quarterly dividend on the Company’s common stock effective immediately. This decision was made to preserve liquidity, enable the Company to make further investments in its own properties and developments where prudent, and to provide financial flexibility as to near-term commitments; the suspension will remain in effect until further notice. The Board of Directors will continue to evaluate the dividend policy quarterly based on the Company’s financial performance, liquidity needs, and market conditions.

On May 12, 2026, we declared the Series A preferred stock quarterly dividend of $0.375 per share payable at the rate of $0.125 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series A preferred stock dividend will be paid in October 2026.

On May 12, 2026, we declared the Series B preferred stock quarterly 3% dividend of $0.1875 per share payable at the rate of $0.0625 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series B preferred stock dividend will be paid in October 2026. In addition, the Series B preferred stock will accrue dividends at the rate of 9% per annum on the stated value as an increase in liquidation preference.

On May 12, 2026, we declared the Series C preferred stock quarterly dividend of $0.5625 per share payable at the rate of $0.1875 per month for holders of record as of July 31, 2026, August 31, 2026, and September 30, 2026. This Series C preferred stock dividend will be paid in October 2026.

The following table reflects the distributions declared by the Operating Partnership for the preferred unit holders during the year ended June 30, 2026:

*Of the total distributions declared for Series B during the year ended June 30, 2026, $97,227 was an increase in liquidation preference and $32,412 was the cash dividend.

During the year ended June 30, 2026, the Operating Partnership paid Series A preferred distributions of $1,597,886, of which $112,134 have been reinvested under the preferred stock DRIP. During the year ended June 30, 2026, the Operating Partnership paid Series B preferred distributions of $129,639, none of which was reinvested.

The following table reflects the dividends per share that we have declared on our common stock and preferred stock during the year ended June 30, 2025:

*Of the total dividends declared for Series B during the year ended June 30, 2025, $204,889 was an increase in liquidation preference and $68,292 was the cash dividend.

During the year ended June 30, 2025, we did not issue any common shares under our common stock DRIP since the plan was suspended in March 2024. During the year ended June 30, 2025, $192,770 of Series A preferred dividends and $14,503 of Series B preferred dividends were reinvested under the preferred stock DRIP.

The above dividends declared were recorded as dividends payable in the consolidated balance sheets as of June 30, 2025, and were subsequently paid in July 2025.

The following table reflects the distributions declared by the Operating Partnership for the Class A and Preferred unit holders during the year ended June 30, 2025:

*Of the total distributions declared for Series B during the year ended June 30, 2025, $97,229 was an increase in liquidation preference and $32,410 was the cash dividend.

During the year ended June 30, 2025, the Operating Partnership paid Class A preferred distributions of $28,738, none of which was reinvested. During the year ended June 30, 2025, the Operating Partnership paid Series A preferred distributions of $1,521,500, of which $98,968 have been reinvested under the preferred stock DRIP. During the year ended June 30, 2025, the Operating Partnership paid Series B preferred distributions of $29,709, none of which was reinvested.