Consolidated Statement Of Assets, Liabilities And Shareholders' Equity (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 48,120		$ 62,737
Investments, financial derivatives and repurchase agreements:
Investments at fair value (Cost - $1,126,541 and $1,234,203)	1,131,242		1,212,483
Financial derivatives - assets at fair value (Cost - $82,791 and $118,281)	74,304		102,871
Repurchase agreements (Cost - $36,748 and $15,750)	36,748		15,750
Total investments, financial derivatives and repurchase agreements	1,242,294		1,331,104
Deposits with dealers held as collateral	29,360		34,163
Receivable for securities sold	611,866		533,708
Interest and principal receivable	7,129		6,127
Other assets	821		216
Total Assets	1,939,590		1,968,055
Investments and financial derivatives:
Investments sold short at fair value (Proceeds - $493,130 and $459,013)	494,524		462,394
Financial derivatives - liabilities at fair value (Net Proceeds - $22,033 and $9,636)	28,680		27,040
Total investments and financial derivatives	523,204		489,434
Reverse repurchase agreements	883,322		896,210
Due to brokers on margin accounts	46,385		79,735
Payable for securities purchased	83,300		127,517
Securitized debt (Proceeds - $1,436 and $0)	1,415		0
Accounts payable and accrued expenses	2,102		1,845
Base management fee payable	1,497		1,396
Incentive fee payable	2,312		0
Interest and dividends payable	778		1,002
Total Liabilities	1,544,315		1,597,139
SHAREHOLDERS' EQUITY	395,275		370,916
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,939,590		1,968,055
ANALYSIS OF SHAREHOLDERS' EQUITY:
Common shares, no par value, 100,000,000 shares authorized; (16,447,651 and 16,447,651 shares issued and outstanding)	386,349		362,047
Additional paid-in capital - LTIP units	8,926		8,869
Total Shareholders' Equity	$ 395,275		$ 370,916
PER SHARE INFORMATION:
Common shares	$ 24.03	[1]	$ 22.55

[1] If all LTIP units previously issued were vested and exchanged for common shares as of June 30, 2012 and 2011, shareholders' equity per share would be $23.47 and $22.78, respectively.