Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS

These Consolidated Financial Statements include a discussion of material events, if any, that have occurred subsequent to September 30, 2018 through the issuance of these Consolidated Financial Statements.

On November 7, 2018, 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 November 1, 2018 and ending January 31, 2019. Dividends totaling $1.4 million will be paid on January 31, 2019 to stockholders of record on January 2, 2019.

On November 7, 2018, the Board appointed Mr. Kenneth A. May as Chief Executive Officer and President of the Company and as a member of the Board, effective as of November 12, 2018 (the “Effective Date”). Mr. May will serve as a Class I director until the 2021 Annual Meeting of Stockholders, and until his successor is duly elected and qualified.  The Board has also appointed Mr. David M. Hammarley as Chief Financial Officer of the Company, effective as of the Effective Date.