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Note 16 - Subsequent Events
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

16. SUBSEQUENT EVENTS

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than those disclosed below.

 

On October 7, 2025, the Company declared a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of October 2025, November 2025 and December 2025.  In accordance with the terms of the Series D Preferred Stock, the October 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on November 17, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of October 31, 2025. The November 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on December 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of November 30, 2025. The December 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on January 15, 2026, to stockholders of record of Series D Preferred Stock as of the dividend record date of December 31, 2025.