Risk Factors Update Summary
- Cash Available for Distribution (CAD) was replaced with Cash Available for Distribution. This change might result in a clearer understanding of the company's financial health.
- Retaining commitments to advance drawdown funds on reference assets at par may result in unrecoverable losses.
- Debt investments now include risks associated with multifamily real estate, property management, and variable interest costs. This change broadens the scope of risks associated with debt investments.
- Inflation rates have declined compared to 2021 and 2022, but some inflation measures remain elevated.
- The company's reserves for credit losses are now based on financial results, potentially impacting financial results. This change could affect the company's financial stability.
- Anticipate paying redemption proceeds of $10.0 million in March 2024 for Series A Preferred Units.
- Interest rates have risen, with the Federal Reserve raising rates by 0.25% in 2022 to combat inflation. This change may impact the company's borrowing costs and financial performance.
- Increasing costs to obtain water for tenants in dryer climates may limit future investment opportunities.
- The company's net income and CAD may be affected by market interest rates and cap rates. This change highlights the potential impact of interest rate changes on the company's financial metrics.
- Dependence on information technology networks increases vulnerability to cybersecurity incidents.
- The company's investments in seniors housing and skilled nursing facilities may face financial and operational risks. This change underscores the specific risks associated with these types of properties.
- Disclosure of inappropriate media use could seriously damage reputation and market price of BUCs.
- The company's exposure to interest rate swaps and caps may mitigate risks related to rising interest rates. This change highlights the company's risk management strategies.
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=1059142&owner=exclude
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