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Subsequent Events | 9 Months Ended
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Sep. 30, 2024
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On October 17, 2024, the Company redeemed all outstanding shares of Series A Preferred Stock at a redemption price of $25.00 per share, plus $0.187219 per share in declared and unpaid dividends to but excluding the redemption date. The redemption price paid in excess of the carrying value of Series A Preferred Stock of $7.9 million will be included as a deemed dividend on redemption of preferred stock in the consolidated statements of operations and other comprehensive income for the year ended December 31, 2024. Following the redemption, all previously authorized shares of the Series A Preferred Stock resumed the status of undesignated shares of the Company’s preferred stock, par value $0.01 per share. On November 6, 2024, the Company’s board of directors approved quarterly cash dividends for the Company’s Class A common stock and Series B, Series C and Series D preferred stock. The following table summarizes the details of the dividends that were declared:
Title of each class |  | Cash dividend per share |  | Record Date |  | Payment Date
Class A Common Stock |  | $ | 0.22 |  |  | December 12, 2024 |  | January 9, 2025
Series B Preferred Stock |  | $ | 11.625 |  |  | November 30, 2024 |  | December 15, 2024
Series C Preferred Stock |  | $ | 10.3125 |  |  | November 30, 2024 |  | December 15, 2024
Series D Preferred Stock |  | $ | 13.50 |  |  | November 30, 2024 |  | December 15, 2024

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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