Dividend Accrual Date

Dividend Accrual Date. Shall mean each January 1, April 1, July 1 and October 1 of each year, beginning on the first such date after the date of issuance of the applicable shares, or at such additional times and for such interim periods, if any, as determined by the Board of Directors.

Dividend Accrual Date. Shall mean the first day of each calendar month.