SUBSEQUENT EVENTS |
3 Months Ended |
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Mar. 31, 2019 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS
These Consolidated Financial Statements include a discussion of material events, if any, that have occurred subsequent to March 31, 2019 through the issuance of these Consolidated Financial Statements.
In April 2019, the Company consummated the sale of a private golf property in Tennessee for a sale price of $4.8 million.
On April 11, 2019, the Company issued 695,652 options at a strike price of $4.66. The options fully vest and are exercisable in equal annual installments on each of the first three anniversaries of the grant date.
On May 7, 2019, the Company declared dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively, for the period beginning May 1, 2019 and ending July 31, 2019. Dividends totaling $1.4 million will be paid on July 31, 2019 to stockholders of record on July 1, 2019.
On May 9, 2019, the Company consummated the sale of a private golf property in Washington for a sale price of $8.9 million.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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