Consolidated Balance Sheet - USD ($) $ in Thousands		Jun. 30, 2016		Dec. 31, 2015
ASSETS
Cash and cash equivalents		$ 140,358		$ 183,909
Restricted Cash		3,905		4,857
Investments, financial derivatives, and repurchase agreements:
Investments, at fair value (Cost – $1,590,345 and $1,672,400)		1,582,165		1,661,118
Financial derivatives–assets, at fair value (Net cost – $149,985 and $163,943)	[1]	152,628		162,905
Repurchase agreements, at fair value (Cost – $116,985 and $105,329)	[1]	116,003		105,700
Total investments, financial derivatives, and repurchase agreements		1,850,796		1,929,723
Due from brokers		199,125		141,605
Receivable for securities sold and financial derivatives		536,936		705,748
Interest and principal receivable		19,085		20,444
Other assets		2,886		5,269
Total Assets		2,753,091		2,991,555
Investments and financial derivatives:
Investments sold short, at fair value (Proceeds – $613,756 and $731,048)		616,337		728,747
Financial derivatives–liabilities, at fair value (Net proceeds – $43,032 and $56,200)	[1]	74,098		60,472
Total investments and financial derivatives		690,435		789,219
Reverse repurchase agreements	[1]	1,070,105		1,174,189
Due to brokers		94,715		114,797
Payable for securities purchased and financial derivatives		197,164		165,365
Securitized debt (Proceeds – $13,034 and $0)		13,034		0
Accounts payable and accrued expenses		3,055		3,626
Base management fee payable		2,553		2,773
Interest and dividends payable		2,523		1,806
Other Liabilities		324		828
Total Liabilities		2,073,908		2,252,603
Total Equity		679,183		738,952
TOTAL LIABILITIES AND EQUITY		2,753,091		2,991,555
Commitments and contingencies (Note 15)
ANALYSIS OF EQUITY:
Common shares, no par value, 100,000,000 shares authorized; (32,743,356 and 33,126,012 shares issued and outstanding)		664,109		722,360
Additional paid-in capital – LTIP units		9,886		9,689
Total Shareholders' Equity		673,995		732,049
Non-controlling interests		5,188		6,903
Total Equity		$ 679,183		$ 738,952
PER SHARE INFORMATION:
Common shares (in usd per share)		$ 20.58	[2]	$ 22.10

[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 June 30, 2016 and 2015, shareholders' equity per share would be $20.31 and $22.75, respectively.