| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RC | Common Stock | Other | $0 | -3.65K | -0.03% | $0.00 | 13.9M | Feb 28, 2018 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | -172K | -1.24% | $0.00 | 13.7M | May 31, 2018 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | -879K | -6.4% | $0.00 | 12.9M | Aug 31, 2018 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | -26K | -0.2% | $0.00 | 12.8M | Oct 31, 2018 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | -67.5K | -0.53% | $0.00 | 12.8M | Apr 30, 2019 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | +626K | +4.91% | $0.00 | 13.4M | Apr 30, 2020 | Direct | F2, F3, F4, F5 |
| transaction | RC | Common Stock | Other | $0 | -18.9K | -0.14% | $0.00 | 13.4M | Aug 31, 2020 | Direct | F1, F2, F3, F4 |
| transaction | RC | Common Stock | Other | $0 | -181K | -1.35% | $0.00 | 13.2M | May 31, 2021 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | The Reporting Person received redemption requests (each a "SRH Redemption Request") from certain of its limited partners in respect of certain of their limited partnership interests in the Reporting Person ("SRH Units"). On the dates noted in Table I above, the Reporting Person satisfied each SRH Redemption Request by exchanging the SRH Units for an equal number of shares of Common Stock. |
| F2 | Waterfall Management, LLC, an affiliate of the Issuer's external manager, serves as the general partner of the Reporting Person and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer that are held by the Reporting Person. However, Waterfall Management, LLC does not have an economic interest in certain of these shares and expects to distribute such shares to the beneficial owners of the Reporting Person upon their request in accordance with the Reporting Person's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Reporting Person except to the extent of its economic interest. |
| F3 | In addition, each of Thomas Capasse, Jack Ross and Thomas Buttacavoli is a principal or managing director of Waterfall Asset Management, LLC, the Issuer's external manager, and may be deemed to share voting and investment power over the shares of Common Stock of the Issuer held by the Reporting Person. |
| F4 | Each of such individuals disclaims beneficial ownership of such shares of common stock, except to the extent of his economic interest therein. The inclusion of these shares of Common Stock of the Issuer in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
| F5 | On March 20, 2020 the Issuer announced that it decided to pay its previously declared cash dividend for the first quarter of 2020 of $0.40 per share of Common Stock and operating partnership unit, in a combination of cash, not to exceed 20% in the aggregate, and Common Stock. These shares represent Common Stock of the Issuer that were received by the Reporting Person as a part of that dividend payment. |