Risk Factors Update Summary
- A significant portion of mortgage loans may become NPLs, further increasing losses.
- The percentage of delinquencies increased from 8% in May 2018 to 9.5% in 2023.
- The equity interest in the parent company increased from 8% to 9.5%.
- The equity interest in the Manager's parent company increased from 8% to 9.5%.
- The trading price of common stock ranged from $4.08 to $9.24 from Jan 1, 2023, to Oct 27, 2023.
- The company issued a notice to terminate the existing Management Agreement on Feb 26, 2024.
- The company has conflicts of interest with its Manager, affecting investment activities.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1614806&owner=exclude
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