Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 85

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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ends on Common Stock The following table presents cash dividends declared by the Company on its common stock with respect to the quarterly periods commencing January 1, 2024 through June 30, 2025:PeriodDeclaration DateRecord DatePayment DateCash Dividend Per ShareSecond Quarter 2025June 12, 2025June 23, 2025July 30, 2025$0.20 First Quarter 2025March 20, 2025March 31, 2025April 28, 20250.20 Fourth Quarter 2024December 10, 2024December 20, 2024January 23, 20250.20 Third Quarter 2024September 19, 2024September 30, 2024October 28, 20240.20 Second Quarter 2024June 18, 2024June 28, 2024July 29, 20240.20 First Quarter 2024March 13, 2024March 25, 2024April 25, 20240.20 (e)  Equity Distribution AgreementsOn August 10, 2021, the Company entered into an equity distribution agreement (the “Common Equity Distribution Agreement”) with a sales agent, pursuant to which the Company may offer and sell shares of its common stock, par value $0.01 per share, having a maximum aggregate sales price of up to $100.0 million from time to time through the sales agent. The Company has no obligation to sell any of the shares of common stock issuable under the Common Equity Distribution Agreement and may at any time suspend solicitations and offers under the Common Equity Distribution Agreement.There were no shares of the Company's common stock issued under the Common Equity Distribution Agreement during the three and six months ended June 30, 2025 and 2024. As of June 30, 2025, approximately $100.0 million of common stock remains available for issuance under the Common Equity Distribution Agreement. On June 13, 2025, the Company entered into an equity distribution agreement (the “Preferred Equity Distribution Agreement”) with a sales agent, pursuant to which the Company may offer and sell shares of its Preferred Stock, having a maximum aggregate gross sales price of up to $50.0 million from time to time through the sales agent. The Company has no obligation to sell any of the shares of Preferred Stock issuable under the Preferred Equity Distribution Agreement and may at