Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events

Subsequent Events

Note 11—Subsequent Events

We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through March 13, 2020, the day the financial statements were issued.

On February 27, 2020 the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock.  The dividend is payable to the Company’s stockholders of record as of April 1, 2020, and is expected to be paid on April 15, 2020.

On February 27, 2020 the Company’s Board of Directors declared a quarterly cash dividend of $0.375 per share of 6.00% Series B Participating Preferred Stock payable on March 31, 2020 to stockholders of record as of March 13, 2020.

On February 19, 2020, the Company entered into an agreement to extend the current office lease that was set to expire on July 31, 2020. The lease extension has a term of 13 months and will expire on August 31, 2021.

Subsequent to December 31, 2020, the Company repurchased 127,269 shares of common stock at a weighted average price of $6.83 per share for an aggregate purchase price of $0.9 million.