SHARE OFFERINGS AND FEES

6 Months Ended

Dec. 31, 2023

SHARE OFFERINGS AND FEES [Abstract]

SHARE OFFERINGS AND FEES

NOTE 12 – SHARE OFFERINGS AND FEES

During the six months ended December 31, 2023, we issued 122,893.70 common shares with total gross proceeds of $906,957 under the DRIP. Additionally, in July 2023, we issued 2,265 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.

During the six months ended December 31, 2023, we issued 68,808.31 Series A preferred shares with total gross proceeds of $1,718,951 and 4,444.44 Series B preferred shares with total gross proceeds of $100,000 under the Offering Circular and incurred syndication costs of $474,919 in relation to preferred shares offering. For the six months ended December 31, 2023, we issued 3,713.55 Series A preferred shares with total gross proceeds of 83,556 under the DRIP.

During the six months ended December 31, 2022, we issued 85,621.63 common shares with total gross proceeds of $789,860 under the DRIP. In addition, in September 2022, we issued 169.67 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.

During the six months ended December 31, 2022, we issued 384,962.48 Series A preferred shares with total gross proceeds of $9,403,000 under the Offering Circular and 735.66 Series A preferred shares with total gross proceeds of $16,552 under the DRIP. For the six months ended December 31, 2022, we incurred selling commissions and fees of $1,095,692 in relation to preferred shares offering.