Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 68

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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2025April 1, 2025April 15, 2025$0.50 $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 0.43750 March 13, 2024April 1, 2024April 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