FAQs

FAQa

Frequently Asked Questions

  • When can I begin my participation in the Plan?
    At any time. We will begin reinvesting your dividends in the Plan starting with the first dividend after we receive your form.
  • When will shares be purchased under the Plan?
    We will purchase shares for you under the Plan on the record date for the dividend. We pay dividends monthly.
  • Will I have to pay any commissions or other costs?
    No. You will not be charged a brokerage commission, service fee or other charge in connection with your purchases.
  • Are there limits on the number of shares that will be repurchased through SRP?
    Yes. Under our current Plan, in any consecutive twelve-month period, we will repurchase from all shareholders in the aggregate an amount not to exceed the greater of a) 5% of the outstanding shares at the beginning of the twelve month period or, b) the net proceeds of our Dividend Reinvestment Plan. Purchases will be on a “first come, first serve” basis.
  • What is the price of the shares repurchased through the Plan?
    The repurchase price will be based on the Company’s net asset value. There is no established trading market for our shares and our Trustees may change the repurchase price at any time.
  • Are there any shares that you will not repurchase?
    We will not repurchase any shares that have been owned for less than one year.
    In addtion, we may elect not to purchase any shares that are held by a shareholder who bought them from someone other than the company.
  • Will I continue to receive distributions after tendering my shares for repurchase?
    Yes. you will continue to receive distributions through the end of the month preceding the date that we actually repurchase your shares.