Consolidated Balance Sheet - USD ($) $ in Thousands		Jun. 30, 2017		Dec. 31, 2016
ASSETS
Cash and cash equivalents		$ 134,515		$ 123,274
Restricted cash		425		655
Investments, financial derivatives, and repurchase agreements:
Investments, at fair value (Cost – $1,799,464 and $1,525,710)		1,794,129		1,505,026
Financial derivatives–assets, at fair value (Net cost – $36,162 and $40,724)	[1]	26,602		35,595
Repurchase agreements, at fair value (Cost – $265,403 and $185,205)		266,659		184,819
Total investments, financial derivatives, and repurchase agreements		2,087,390		1,725,440
Due from brokers		62,934		93,651
Receivable for securities sold and financial derivatives		484,124		445,112
Interest and principal receivable		21,157		21,704
Other assets		6,881		3,359
Total Assets		2,797,426		2,413,195
Investments and financial derivatives:
Investments sold short, at fair value (Proceeds – $687,979 and $589,429)		687,234		584,896
Financial derivatives–liabilities, at fair value (Net proceeds – $19,994 and $12,012)	[1]	27,003		18,687
Total investments and financial derivatives		714,237		603,583
Reverse repurchase agreements	[1]	1,119,238		1,033,581
Due to brokers		3,898		12,780
Payable for securities purchased and financial derivatives		224,529		85,168
Other secured borrowings (Proceeds – $88,100 and $24,086)		88,100		24,086
Accounts payable and accrued expenses		3,996		3,327
Base management fee payable		2,371		2,416
Interest and dividends payable		3,977		3,460
Other liabilities		119		17
Total Liabilities		2,160,465		1,768,418
Total Equity		636,961		644,777
TOTAL LIABILITIES AND EQUITY		2,797,426		2,413,195
Commitments and contingencies (Note 15)
ANALYSIS OF EQUITY:
Common shares, no par value, 100,000,000 shares authorized; (32,112,697 and 32,294,703 shares issued and outstanding)		615,702		627,620
Additional paid-in capital – LTIP Units		10,229		10,041
Total Shareholders' Equity		625,931		637,661
Non-controlling interests		11,030		7,116
Total Equity		$ 636,961		$ 644,777
PER SHARE INFORMATION:
Common shares (in usd per share)		$ 19.49	[2]	$ 19.75

[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, 2017 and 2016, shareholders' equity per share would be $19.21 and $20.31, respectively.