Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 339

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 339
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April 15, 20240.50 0.4921875 0.4296875 0.43750 (c)  Common StockThe Company had 200,000,000 authorized shares of common stock, par value $0.01 per share, with 90,529,421 and 90,574,996 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.In February 2022, the Board of Directors approved a $200.0 million common stock repurchase program. In March 2023, the Board of Directors approved an upsize of the common stock repurchase program to $246.0 million. The program, which expires on March 31, 2026, allows the Company to make repurchases of shares of common stock, from time to time, in open market transactions, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws and the rules and regulations of Nasdaq. The Company did not repurchase any shares of its common stock during the three months ended March 31, 2025 and 2024. As of March 31, 2025, $189.7 million of the approved amount remained available for the repurchase of shares of the Company's common stock under the common stock repurchase program.(d)  Dividends 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 March 31, 2025:PeriodDeclaration DateRecord DatePayment DateCash Dividend Per ShareFirst Quarter 2025March 20, 2025March 31, 2025April 28, 2025$0.20 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