Consolidated Balance Sheet - USD ($) $ in Thousands		Sep. 30, 2015		Dec. 31, 2014
ASSETS
Cash and cash equivalents		$ 139,395		$ 114,140
Restricted Cash		5,580		0
Investments, financial derivatives, and repurchase agreements:
Investments, at fair value (Cost – $1,883,248 and $2,122,326)		1,894,679		2,172,082
Financial derivatives–assets, at fair value (Net cost – $60,525 and $61,560)	[1]	73,994		80,029
Repurchase agreements (Cost – $110,060 and $172,001)	[1]	109,591		172,001
Total investments, financial derivatives, and repurchase agreements		2,078,264		2,424,112
Due from brokers		163,066		146,965
Receivable for securities sold and financial derivatives		909,106		1,237,592
Interest and principal receivable		25,794		20,611
Other assets		2,727		1,935
Total Assets		3,323,932		3,945,355
Investments and financial derivatives:
Investments sold short, at fair value (Proceeds – $985,360 and $1,290,091)		987,755		1,291,370
Financial derivatives–liabilities, at fair value (Net proceeds – $48,316 and $33,555)	[1]	70,925		66,116
Total investments and financial derivatives		1,058,680		1,357,486
Reverse repurchase agreements	[1]	1,372,794		1,669,433
Due to brokers		2,831		22,224
Payable for securities purchased and financial derivatives		121,645		98,747
Securitized debt (Proceeds – $499 and $749)		503		774
Accounts payable and accrued expenses		2,807		2,798
Base management fee payable		2,849		2,963
Interest and dividends payable		2,185		2,386
Other Liabilities		1,297		0
Total Liabilities		2,565,591		3,156,811
Total Equity		758,341		788,544
TOTAL LIABILITIES AND EQUITY		$ 3,323,932		$ 3,945,355
Commitments and contingencies (Note 15)
ANALYSIS OF EQUITY:
Common shares, no par value, 100,000,000 shares authorized; (33,417,118 and 33,449,678 shares issued and outstanding)		$ 742,494		$ 772,811
Additional paid-in capital – LTIP units		9,591		9,344
Total Shareholders' Equity		752,085		782,155
Non-controlling interests		6,256		6,389
Total Equity		$ 758,341		$ 788,544
PER SHARE INFORMATION:
Common shares (in usd per share)		$ 22.51	[2]	$ 23.38

[1] In the Company's Consolidated Statement of Assets, Liabilities, and Equity, all balances associated with repurchase agreements, reverse repurchase agreements, and financial derivatives are presented on a gross basis.

[2] If all LTIP units and OP Units previously issued were vested and exchanged for common shares as of September 30, 2015 and 2014, shareholders' equity per share would be $22.22 and $23.79, respectively.