Risk Factors Update Summary
- Increased competition may limit future lending opportunities, impacting ability to meet investment objectives.
- High interest rates and liquidity concerns in the financial services industry could negatively impact business.
- Portfolio adjustments: Number of first mortgage loans decreased from 27 to 24 in 2023.
- Potential concentration risk: Investments may be concentrated in few loans or property types.
- Increased liquidity: Available liquidity increased from $255 million to $304 million in 2023.
- Changes in interest rates and market conditions may impact income and ability to pay dividends.
- Ownership of real property poses risks including tenant lease renewals and market perception 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=1452477&owner=exclude
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