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Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events

NOTE 15. SUBSEQUENT EVENTS

When we pay any cash dividend during any quarterly fiscal period to all or substantially all of our common stockholders in an amount that results in an annualized common stock dividend yield that is greater than 6.25% (the dividend yield on our Series B Preferred Stock), the conversion rate on our Series B Preferred Stock is adjusted based on a formula specified in the Articles Supplementary Establishing and Fixing the Rights and Preferences of the Series B Preferred Stock. This conversion rate increased on October 11, 2013 from 3.9202 shares of our common stock to 3.9702 shares of our common stock using the following information: (1) the average of the closing price of our common stock for the ten (10) consecutive trading day period was $4.77 and (2) the annualized common stock dividend yield was 10.0692%.

From October 1, 2013 through November 4, 2013, we issued an aggregate of 73,564 shares of common stock at a weighted average price of $5.00 per share under the 2012 Dividend Reinvestment and Stock Purchase Plan, resulting in proceeds to us of approximately $368 thousand.

From October 1, 2013 through November 4, 2013, we had repurchased an aggregate of 730,700 shares of our common stock at a weighted average price of $4.52 per share under our share repurchase program.