Item 8.01.Other Events.
As previously disclosed, on June 15, 2020, the Company hosted a conference call
and audio webcast with analysts and investors to provide an update on its
business in light of the ongoing and continued economic uncertainties in the
United States and globally arising from the COVID-19 pandemic. On that call, the
Company disclosed that, through June 15, 2020, it had received cash payments
representing approximately 76% of scheduled June rent and interest on its active
contracts. In addition, the Company disclosed that, as a result of tenant
prepayments on rent deferral arrangements, cash rent and interest payments
received on active contracts for April and May improved from 68% to 70% and from
64% to 67%, respectively.
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