Equity Capital Structure (Tables)

12 Months Ended

Dec. 31, 2020

Equity Capital Structure [Abstract]

Preferred Shares Outstanding

The table below presents a summary of all series of preferred shares outstanding as of December 31, 2019 and 2020:

Series	Description		Initial Issuance Date	Total Shares Outstanding		Liquidation Preference per Share (in dollars)			Par Value		Dividend Rate		Carrying Value December 31, 2019 and 2020
Series A	9.75% Cumulative Perpetual Redeemable		09/22/17		480,000	$	30	(1)	$	480	Effective January 1, 2022- 9.75% per annum of a value of $25 per share		$	2,627,843
Series B		n/a	09/22/17		12,000		-		$	12		n/a	$	12
Total					492,000				$	492			$	2,627,855

⁽¹⁾ The Series A Preferred Shares from their original issue date and up to the Series A Amended SOD date had a liquidation preference of $25 per share. Following the Series A Amended SOD, the liquidation preference on the Series A Preferred Shares increased from $25 to $30 per share.