Risk Factors Update Summary
- Total mortgage financing decreased from $629 million to $617.4 million as of December 31, 2022.
- Changes in interest rates may impact borrower default rates and their ability to refinance loans.
- Transition from LIBOR to SOFR could have a material adverse effect on financial condition.
- Exposure to foreign currency risk due to investments denominated in euros and Norwegian kroner.
- Increased risk due to investments in lower credit quality assets impacting potential losses.
- Uncertainty about global economic conditions may negatively affect financing availability and operations.
- Risks associated with conducting business in foreign markets, including regulatory, legal, and economic challenges.
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=1717547&owner=exclude
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