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DIVIDENDS
3 Months Ended
Mar. 31, 2021
DIVIDENDS  
DIVIDENDS

10.  DIVIDENDS

 

The Board declared and the Company paid cash dividends  to Series I and Series II Class B Preferred Shareholders within one month of the end of each quarter in 2020. Cumulatively, dividend payments of $48,000, and $168,642 were made to Series I and Series II preferred shareholders, respectively, in 2020 and one payment of $10,041, and $39,050 was made to Series I and Series II preferred shareholders, respectively, in January 2021. A cash dividend of $39,050 was paid in April 2021 to Series II preferred shareholders.