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SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Distributions and Dividends

In July 2023, our Board of Directors declared the following monthly distributions to common stockholders:

Record Date

Payment Date

Distribution per Common Share

July 21, 2023

July 31, 2023

$

0.08

August 23, 2023

August 31, 2023

0.08

September 7, 2023

September 15, 2023

0.12

(A)

September 21, 2023

September 29, 2023

0.08

Total for the Quarter:

$

0.36

(A)     Represents a supplemental distribution to common stockholders.

ATM Activity

In July 2023, we sold 304,170 shares of our common stock under our common stock ATM program at a weighted-average gross price of $13.55 per share and raised approximately $4.1 million in net proceeds. These sales were above our then-current estimated NAV per share.

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- References

No definition available.

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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

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