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Shareholders' Equity
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
Preferred Stock
The Company is authorized to issue up to 12,500,000 shares of preferred stock, in the aggregate. The following tables summarize details about the Company’s preferred stock:
Series B
Preferred Stock		Series C
Preferred Stock
Par value$0.01 $0.01 
Liquidation value$25.00 $25.00 
September 30, 2023December 31, 2022
Series B
Preferred Stock		Series C
Preferred Stock		Series B
Preferred Stock		Series C
Preferred Stock
Shares authorized6,050,0006,450,0006,050,0006,450,000
Shares issued and outstanding1,450,0005,000,0001,450,0005,000,000
Balance$34,767,000 $124,774,000 $34,767,000 $124,774,000 
Dividends
The following table provides a summary of dividends declared and paid per share:
Three months ended September 30,Nine months ended September 30,
2023202220232022
Common stock$— $19.520 $— $19.586 
7.25% Series B Preferred Stock
$0.453 $0.453 $1.359 $1.359 
6.50% Series C Preferred Stock
$0.406 $0.406 $1.219 $1.219 
On October 20, 2023, the Company’s Board of Directors declared dividends of $0.453125 and $0.406250 per share with respect to the Company’s Series B Preferred Stock and Series C Preferred Stock, respectively. The distributions are payable on November 20, 2023 to shareholders of record of the Series B Preferred Stock and Series C Preferred Stock, as applicable, on November 10, 2023.
On August 26, 2022, the Company paid merger consideration of $9.48 per share on shares of the Company's outstanding common stock.