Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 16 - Subsequent Events

7.875% Series B Preferred Stock - Called for redemption

On January 24, 2020, the Company mailed a notice of full redemption (the “Notice”) of all 8,383 issued and outstanding shares of its Series B Preferred Stock ($25.00 liquidation preference per share, CUSIP 042315408) to the holders of record of its Series B Preferred Stock as of January 13, 2020. See Note 11 for additional information.

On January 27, 2020, a cash dividend of $0.16 per outstanding share of Series B Preferred Stock, or $1,375 in the aggregate, was paid to holders of record on January 15, 2020. Pursuant to the terms of the Series B Preferred Stock, holders of record of the Series B Preferred Stock on February 15, 2020, will be entitled to receive the full monthly dividend of $0.16 per outstanding share of Series B Preferred Stock for February, which will be the final dividend and will be paid in the regular course of business on February 27, 2020.

Series C Preferred Stock

Between January 23, 2020 and February 14, 2020, we issued 1,200 shares for proceeds of $29,853, net of issuance costs and commissions of approximately $327. See Note 11 for additional information. We also declared a cash dividend of $0.15 per outstanding share of Series C Preferred Stock, payable February 27, 2020 and March 27, 2020 to holders of record on February 15, 2020 and March 15, 2020, respectively.

Common Stock

On January 30, 2020, a cash dividend of $0.17 per outstanding common share, or $10,126 in the aggregate, was paid to holders of record on January 15, 2020. We have also declared cash dividends of $0.17 per outstanding common share payable February 27, 2020 to holders of record on February 14, 2020 and payable March 27, 2020 to holders of record on March 16, 2020.