Consolidated Balance Sheet - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents		$ 183,909	$ 114,140
Restricted Cash		4,857	0
Investments, financial derivatives, and repurchase agreements:
Investments, at fair value (Cost – $1,672,400 and $2,122,326)		1,661,118	2,172,082
Financial derivatives–assets, at fair value (Net cost – $163,943 and $61,560)	[1]	162,905	80,029
Repurchase agreements, at fair value (Cost – $105,329 and $172,001)	[1]	105,700	172,001
Total investments, financial derivatives, and repurchase agreements		1,929,723	2,424,112
Due from brokers		141,605	146,965
Receivable for securities sold and financial derivatives		705,748	1,237,592
Interest and principal receivable		20,444	20,611
Other assets		5,269	1,935
Total Assets		2,991,555	3,945,355
Investments and financial derivatives:
Investments sold short, at fair value (Proceeds – $731,048 and $1,290,091)		728,747	1,291,370
Financial derivatives–liabilities, at fair value (Net proceeds – $56,200 and $33,555)	[1]	60,472	66,116
Total investments and financial derivatives		789,219	1,357,486
Reverse repurchase agreements	[1]	1,174,189	1,669,433
Due to brokers		114,797	22,224
Payable for securities purchased and financial derivatives		165,365	98,747
Securitized debt, at fair value (Proceeds – $0 and $749)		0	774
Accounts payable and accrued expenses		3,626	2,798
Base management fee payable		2,773	2,963
Interest and dividends payable		1,806	2,386
Other Liabilities		828	0
Total Liabilities		2,252,603	3,156,811
Total Equity		738,952	788,544
TOTAL LIABILITIES AND EQUITY		$ 2,991,555	$ 3,945,355
Commitments and contingencies (Note 15)
ANALYSIS OF EQUITY:
Common shares, no par value, 100,000,000 shares authorized; (33,126,012 and 33,449,678 shares issued and outstanding)		$ 722,360	$ 772,811
Additional paid-in capital – LTIP units		9,689	9,344
Total Shareholders' Equity		732,049	782,155
Non-controlling interests		6,903	6,389
Total Equity		$ 738,952	$ 788,544
PER SHARE INFORMATION:
Common shares (in usd per share)	[2]	$ 22.10	$ 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 December 31, 2015, 2014, and 2013, shareholders' equity per share would be $21.80, $23.09, and $23.99, respectively.