SHARE OFFERINGS AND FEES

12 Months Ended

Jun. 30, 2024

SHARE OFFERINGS AND FEES [Abstract]

SHARE OFFERINGS AND FEES

NOTE 12 – SHARE OFFERINGS AND FEES

During the year ended June 30, 2024, we issued 185,819.74 common shares with total gross proceeds of $1,371,351 under the DRIP. Additionally, during the year ended June 30, 2024, we issued 3,011.35 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 year ended June 30, 2024, we issued 85,688.31 Series A preferred shares with total gross proceeds of $2,140,949 and 49,562.45 Series B preferred shares with total gross proceeds of $1,227,950 under the Offering Circular and incurred syndication costs of $637,490 in relation to preferred shares offering. For the year ended June 30, 2024, we issued 7,741.20 Series A preferred shares with total gross proceeds of $174,179 under the DRIP and 2.11 Series B preferred shares with total gross proceeds of $48 under the DRIP.

During the year ended June 30, 2023, we issued 189,289.44 common shares with total gross proceeds of $1,638,739 under the DRIP. In addition, in April 2023 and July 2022, we issued 4,309.17 and 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 year ended June 30, 2023, we issued 549,973.38 Series A preferred shares with total gross proceeds of $13,408,089 under the Offering Circular and incurred syndication costs of $1,652,903 in relation to preferred shares offering. For the year ended June 30, 2023, we issued 3,350.16 Series A preferred shares with total gross proceeds of $75,379 under the DRIP.