Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 444

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 444
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 of approximately $1.5 million, including fees and commissions paid to the broker, representing an average repurchase price of $6.50 per common share.

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The Company did not repurchase shares of its common stock during the three months ended September 30, 2024. During the nine months ended September 30, 2024, the Company repurchased 587,347 shares of its common stock pursuant to the common stock repurchase program for a total cost of approximately $3.5 million, including fees and commissions paid to the broker, representing an average repurchase price of $5.95 per common share.  As of September 30, 2025, $188.2 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 September 30, 2025:PeriodDeclaration DateRecord DatePayment DateCash Dividend Per ShareThird Quarter 2025September 15, 2025September 25, 2025October 30, 2025$0.23 Second Quarter 2025June 12, 2025June 23, 2025July 30, 20250.20 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