STOCKHOLDER DIVIDENDS

12 Months Ended

Jun. 30, 2024

NOTE 14 – STOCKHOLDER DIVIDENDS

The following table reflects the dividends per share that we have declared on our common stock and preferred stock during the year ended June 30, 2024:

	Dividends
	Common Stock				Series A Preferred Stock				Series B Preferred Stock
During the Quarter Ended	Per Share		Amount		Per Share		Amount		Per Share		Amount
September 30, 2023	$	0.125	$	1,652,688	$	0.375	$	268,383	$	-	$	-
December 31, 2023		0.125		1,652,367		0.375		276,600		0.750		2,222
March 31, 2024		0.125		1,660,225		0.375		281,770		0.750		8,078
June 30, 2024		0.125		1,662,826		0.375		284,737		0.750		31,696
	$	0.500	$	6,628,106	$	1.500	$	1,111,490	$	2.250	$	41,996	*

* Of the total dividends declared for Series B during the year ended June 30, 2024, $31,497 was an increase in liquidation preference and $10,451 was the cash dividend.

On March 4, 2024, the Board of Directors suspended DRIP in connection with its pursuit of the listing of its common stock on a securities exchange. Prior to the suspension, during the year ended June 30, 2024, of the total dividends paid to common stockholders, $1,371,351 have been reinvested under our DRIP. Similarly, during the year ended June 30, 2024, of the total dividends paid to Series A and Series B preferred stockholders, $174,179 and $48, respectively, have been reinvested under our DRIP. Preferred (Series A and B), and common dividends declared during the year ended June 30, 2024 were paid in July 2024.

On May 10, 2024, we declared the Series A Preferred stock quarterly dividend of $0.375 per share payable at the rate of $0.125 per month for holders of record as of July 31, 2024, August 31, 2024 and September 30, 2024. The Series A preferred stock dividend declared on May 10, 2024 will be paid in October 2024.

On May 10, 2024, we also declared the Series B Preferred stock quarterly 3% dividend of $0.1875 per share payable at the rate of $0.0625 per month for holders of record as of July 31, 2024, August 31, 2024 and September 30, 2024. The Series B preferred stock dividend declared on July 12, 2024, will be paid in October 2024. In addition, the Series B Preferred Stock will accrue dividends at the rate of 9% per annum on the stated value as an increase in liquidation preference.

On September 20, 2024, we also declared the common stock quarterly dividend of $0.125 per share which will be paid in October 2024.

The following table reflects the distributions declared by the Operating Partnership for the Class A and Preferred unit holders during the year ended June 30, 2024:

	Distributions
	Class A Units				Series A Preferred Units				Series B Preferred Units
During the Quarter Ended	Per Share		Amount		Per Share		Amount		Per Share		Amount
September 30, 2023	$	0.125	$	10,372	$	0.375	$	177,930	$	-	$	-
December 31, 2023		0.125		10,372		0.375		178,277		-		-
March 31, 2024		0.125		10,373		0.375		323,681		-		-
June 30, 2024		0.125		10,279		0.375		342,654		0.750		21,606
	$	0.500	$	41,396	$	1.500	$	1,022,542	$	0.750	$	21,606	*

* Of the total dividends declared for Series B during the year ended June 30, 2024, $16,205 was an increase in liquidation preference and $5,402 was the cash dividend.

During the year ended June 30, 2024, the Operating Partnership paid Class A distributions of $41,346. Similarly, during year ended June 30, 2024 the Operating Partnership paid Series A preferred distributions of $857,477, of which $83,883 have been reinvested under our DRIP. Preferred (Series A and B), and common dividends declared during the year ended June 30, 2024 were paid in July 2024.

The following table reflects the dividends per share that we have declared on our common stock and preferred stock during the year ended June 30, 2023:

	Dividends
	Common Stock				Series A Preferred Stock
During the Quarter Ended	Per Share		Amount		Per Share		Amount
September 30, 2022	$	0.105	$	1,390,290	$	0.375	$	87,884
December 31, 2022		0.110		1,456,391		0.375		155,909
March 31, 2023		0.115		1,520,985		0.375		209,620
June 30, 2023		0.120		1,586,863		0.375		242,188
	$	0.450	$	5,954,529	$	1.500	$	695,601

During the year ended June 30, 2023, we paid common dividends of $5,691,554, of which $1,638,739 have been reinvested under our DRIP. During the year ended June 30, 2023, we paid Series A preferred dividends of $491,410, of which $75,379 have been reinvested under our DRIP. Series A preferred dividends and common dividends declared during the year ended June 30, 2023 were paid in July 2023.

The following table reflects the distributions declared by the Operating Partnership for the Class A and Preferred unit holders during the year ended June 30, 2023:

	Distributions
	Class A Units				Preferred Units
During the Quarter Ended	Per Share		Amount		Per Share		Amount
September 30, 2022	$	0.105	$	9,403	$	0.375	$	107,626
December 31, 2022		0.110		9,851		0.375		122,884
March 31, 2023		0.115		10,299		0.375		177,222
June 30, 2023		0.120		10,229		0.375		177,589
	$	0.450	$	39,782	$	1.500	$	585,321