Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 91

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 have been paid or declared and set apart for payment. In addition, certain material and adverse changes to the terms of any series of the Preferred Stock cannot be made without the affirmative vote of holders of at least two-thirds of the outstanding shares of the series of Preferred Stock whose terms are being changed.The Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by the Company or converted into the Company’s common stock in connection with a change of control.Upon the occurrence of a change of control, each holder of Preferred Stock will have the right (unless the Company has exercised its right to redeem the Preferred Stock) to convert some or all of the Preferred Stock held by such holder into a number of shares of our common stock per share of the applicable series of Preferred Stock determined by a formula, in each case, on the terms and subject to the conditions described in the applicable Articles Supplementary for such series.(b)  Dividends on Preferred StockThe following table presents the relevant information with respect to quarterly cash dividends declared on the Preferred Stock commencing January 1, 2024 through September 30, 2025:Cash Dividend Per ShareDeclaration DateRecord DatePayment DateSeries D Preferred StockSeries E Preferred StockSeries F Preferred StockSeries G Preferred StockSeptember 15, 2025October 1, 2025October 15, 2025$0.50 $0.703299100 $0.4296875 $0.43750 June 12, 2025July 1, 2025July 15, 20250.50 0.691771300 0.4296875 0.43750 March 20, 2025April 1, 2025April 15, 20250.50 0.687036875 0.4296875 0.43750 December 10, 2024January 1, 2025January 15, 20250.50 0.4921875 0.4296875 0.43750 September 19, 2024October 1, 2024October 15, 20240.50 0.4921875 0.4296875 0.43750 June 18, 2024July 1, 2024July 15, 20240.50 0.4921875 0.4296875