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Preferred Stock
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Preferred Stock

Note 12 – Preferred Stock

Preferred Stock Dividends

 

As of March 31, 2019, we have accrued cumulative preferred dividends of $22.9 million on our Series A Preferred Stock (“Series A Preferred”), which will be paid on May 14, 2019. During the three months ended March 31, 2019, we paid $22.9 million of dividends to preferred shareholders, and recorded deemed dividends of $7.9 million attributable to accretion of the preferred discount resulting from the beneficial conversion feature accounting. Such accretion is included in the book value of the Series A Preferred.