Risks Related to our REIT Status and Certain Other Tax Items •
If we do not qualify as a REIT (defined below), we will face serious tax consequences that will substantially reduce the funds available to satisfy our obligations, to implement our business strategy and to make distributions to our stockholders for each of the years involved. • Compliance with REIT requirements may cause us to forego otherwise attractive opportunities, which may hinder or delay our ability to meet our investment objectives and reduce your overall return. • Investments outside the United States may subject us to additional taxes and could present additional complications to our ability to satisfy the REIT qualification requirements. • We may incur tax liabilities that would reduce our cash available for distribution to our stockholders. • Our board of directors is authorized to revoke our REIT election without stockholder approval, which may cause adverse consequences to our stockholders.
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