The following table provides a reconciliation of the beginning and ending carrying amounts of the redeemable senior preferred stock for the periods presented:


(in thousands)	Shares	Amount
January 1, 2022	225	$	210,158

Unpaid dividend on redeemable senior preferred stock	—	4,090
Accretion of discounts and issuance cost	—	805
March 31, 2022	225	$	215,053

The following table provides a summary of the dividends for the period presented:


(in thousands)	Three Months Ended March 31, 2022
Dividends paid in cash	$	3,505
Accumulated dividends accrued as part of the carrying value of redeemable senior preferred stock	4,090
Dividends declared at the rate of 13.0% per year	$	7,595