| Explanation of Responses: |
| (1) | On December 16, 2019, pursuant to the terms of the Neoma N. Lowndes 2006 Revocable Trust ("Lowndes Trust"), all of the Issuer's shares in the trust were distributed to the reporting person's adult daughter, and the trust was subsequently dissolved. |
| (2) | The reporting person was the trustee of the Lowndes Trust and had sole voting and dispositive power over the securities held by the trust prior to its dissolution as described in footnote 1. The reporting person disclaimed beneficial ownership of the Issuer's shares held by such trust. |
| (3) | Represents all of the Issuer's shares of Series A Cumulative Redeemable Preferred Stock held by the Lowndes Trust prior to the distribution of shares and the trust's dissolution as described in footnote 1. On a Form 4 filed on March 12, 2018, the reporting person only reported the securities held by the Lowndes Trust in which he may have been deemed to have a beneficial ownership interest or a pecuniary interest. |
| (4) | 4,988 shares were transferred from the reporting person's direct holdings to the indirect holdings of 560 Company, Inc. ("560 Company") on November 30, 2019. In addition, the balance has been reduced by 11 shares as the result of an accounting reconciliation. |
| (5) | On a Form 4 filed March 12, 2018, the reporting person reported 372,407.6 shares of Series A Cumulative Redeemable Preferred Stock as directly held. 59,977 of these shares were held by a grantor retained annuity trust ("GRAT"), of which the reporting person is the sole trustee, for the benefit of himself, his spouse, and his child, and are now reported as indirectly held by the GRAT. In addition, the balance was increased by 39,256 shares that were transferred from the indirect holdings of the GRAT on August 31, 2018, decreased by 19,664 shares that were transferred to the indirect holdings of 560 Company on November 30, 2018, increased by 7,157 shares that were transferred from the indirect holdings of the GRAT on May 30, 2019, decreased by 1,583 shares that were transferred to the indirect holdings of 560 Company on November 30, 2019, and decreased by 4 shares as the result of an accounting reconciliation. |
| (6) | The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of December 31, 2019. |
| (7) | 4,988 shares of Series A Common Stock were transferred from the reporting person's direct holdings to the indirect holdings of 560 Company, Inc. on November 30, 2019. |
| (8) | 19,664 shares were transferred from the reporting person's direct holdings to the indirect holdings of 560 Company on November 30, 2018, and 1,583 shares were transferred from the reporting person's direct holdings to the indirect holdings of 560 Company on November 30, 2019. |
| (9) | On a Form 4 filed March 12, 2018, the reporting person reported 372,407.6 shares of Series A Cumulative Redeemable Preferred Stock as directly held. 59,977 of these shares were held by the GRAT, and are now reported as indirectly held by the GRAT. In addition, the balance was decreased by 39,256 shares that were transferred to the reporting person's direct holdings on August 31, 2018, and decreased by 7,157 shares that were transferred to the reporting person's direct holdings on May 30, 2019. |
| (10) | The reporting person has a 25% ownership interest in Missy, LLC; his spouse has a 25% ownership interest in Missy, LLC; and the reporting person's adult daughter, following the dissolution of the Lowndes Trust described in footnote 1, holds the remaining 50% ownership interest in Missy, LLC. Accordingly, the reporting person may be deemed to be the indirect beneficial owner of certain of the Issuer's securities owned by Missy, LLC. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. |
| (11) | Represents all of the Issuer's shares of Series A Cumulative Redeemable Preferred Stock held by Missy, LLC. On a Form 4 filed on March 12, 2018, the reporting person only reported the securities held by Missy, LLC in which he may have been deemed to have a beneficial ownership interest or a pecuniary interest. |
| (12) | The reporting person disclaims beneficial ownership of these shares owned by his spouse. |