Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.2.2
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Stock by Class
As of September 30, 2022 and December 31, 2021, the Company had the following series of preferred stock outstanding:
Series Issuance Date Earliest Potential Redemption Date Dividend Rate Shares Outstanding
Series X September 2017 September 2022 5.250  % 9,200 
Series Y December 2017 December 2022 5.200  % 8,000 
Series Z November 2019 November 2024 4.875  % 13,000 
Series A1
July 2022
N/A1
12.000  % 125 
Total 30,325 
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1 The Company, at its option, may redeem shares of the Series A Preferred Stock, by resolutions of the Board, in whole or in part, at any time or from time to time, for cash at a redemption price equal to $4,000 per share plus an amount equal to all accrued and unpaid dividends thereon to and including the date fixed for redemption. The redemption is within the Company’s control, and thus the preferred equity arrangements are classified as permanent equity in the Consolidated Financial Statements. The preferred stock was issued in 2022 and therefore the balance as of December 31, 2021 was $—.
Dividends Declared
The following table summarizes the Company’s distributions to common stockholders and common unit holders:
Successor Predecessor
Period from July 20, 2022 through September 30, 2022 Period from July 1, 2022 through July 19, 2022 Three Months Ended September 30, 2021 Period from January 1, 2022 through July 19, 2022 Nine Months Ended September 30, 2021
Distributions to common stockholders $ —  $ 151,056  $ 28,923  $ 209,079  $ 86,713 
Distributions to common unit holders $ —  $ 39,972  $ 7,691  $ 55,358  $ 23,072