Shareholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders’ Equity

Dividends

The following tables present our common stock dividend transactions for the years ended December 31, 2014, December 31, 2013 and December 31, 2012.

December 31, 2014



Record Date	Payment Date	Rate per common share		Aggregate amount paid to holders of record
January 15, 2014	January 30, 2014	$	0.05	$	17,954
February 14, 2014	February 27, 2014	$	0.05	17,954
March 17, 2014	March 28, 2014	$	0.05	17,945
April 15, 2014	April 29, 2014	$	0.05	17,925
May 15, 2014	May 29, 2014	$	0.05	17,924
June 16, 2014	June 27, 2014	$	0.05	17,924
July 15, 2014	July 30, 2014	$	0.05	17,923
August 15, 2014	August 29, 2014	$	0.05	17,923
September 15, 2014	September 29, 2014	$	0.05	17,923
October 15, 2014	October 30, 2014	$	0.05	17,923
November 17, 2014	November 26, 2014	$	0.05	17,923
December 15, 2014	December 30, 2014	$	0.05	17,922
Total dividends paid				$	215,163

December 31, 2013



Record Date	Payment Date	Rate per common share		Aggregate amount paid to holders of record
January 15, 2013	January 30, 2013	$	0.08	$	24,772
February 15, 2013	February 27, 2013	$	0.08	24,773
March 15, 2013	March 27, 2013	$	0.08	30,284
April 15, 2013	April 29, 2013	$	0.07	26,313
May 15, 2013	May 30, 2013	$	0.07	26,313
June 14, 2013	June 27, 2013	$	0.07	26,088
July 15, 2013	July 30, 2013	$	0.07	26,074
August 15, 2013	August 29, 2013	$	0.07	26,074
September 16, 2013	September 27, 2013	$	0.07	26,079
October 15, 2013	October 28, 2013	$	0.05	18,624
November 15, 2013	November 27, 2013	$	0.05	18,624
December 16, 2013	December 27, 2013	$	0.05	18,574
Total dividends paid				$	292,592

December 31, 2012



Record Date	Payment Date	Rate per common share		Aggregate amount paid to holders of record
January 15, 2012	January 30, 2012	$	0.11	$	11,659
February 15, 2012	February 28, 2012	$	0.11	15,329
March 15, 2012	March 29, 2012	$	0.11	19,768
April 16, 2012	April 27, 2012	$	0.10	17,840
May 15, 2012	May 30, 2012	$	0.10	18,105
June 15, 2012	June 28, 2012	$	0.10	18,667
July 16, 2012	July 30, 2012	$	0.10	23,498
August 15, 2012	August 30, 2012	$	0.10	29,958
September 14, 2012	September 27, 2012	$	0.10	30,973
October 15, 2012	October 30, 2012	$	0.09	27,868
November 15, 2012	November 29, 2012	$	0.09	27,869
December 14, 2012	December 28, 2012	$	0.09	27,969
Total dividends paid				$	269,503

The following tables present our Series A Preferred Stock dividend transactions for the years ended December 31, 2014, December 31, 2013 and December 31, 2012.

December 31, 2014



Record Date	Payment Date	Rate per Series A Preferred Share		Aggregate amount paid to holders of record
January 15, 2014	January 27, 2014	$	0.17	$	374.8
February 15, 2014	February 27, 2014	$	0.17	374.8
March 15, 2014	March 27, 2014	$	0.17	374.8
April 15, 2014	April 28, 2014	$	0.17	374.8
May 15, 2014	May 27, 2014	$	0.17	374.8
June 15, 2014	June 27, 2014	$	0.17	374.8
July 15, 2014	July 28, 2014	$	0.17	374.8
August 15, 2014	August 27, 2014	$	0.17	374.8
September 15, 2014	September 29, 2014	$	0.17	374.8
October 15, 2014	October 27, 2014	$	0.17	374.8
November 15, 2014	November 28, 2014	$	0.17	374.8
December 15, 2014	December 29, 2014	$	0.17	374.8
Total dividends paid				$	4,497.6

December 31, 2013



Record Date	Payment Date	Rate per Series A Preferred share		Aggregate amount paid to holders of record
January 15, 2013	January 28, 2013	$	0.17	$	357.6
February 15, 2013	February 26, 2013	$	0.17	374.8
March 15, 2013	March 26, 2013	$	0.17	374.8
April 15, 2013	April 29, 2013	$	0.17	374.8
May 15, 2013	May 27, 2013	$	0.17	374.8
June 14, 2013	June 27, 2013	$	0.17	374.8
July 15, 2013	July 29, 2013	$	0.17	374.8
August 15, 2013	August 27, 2013	$	0.17	374.8
September 15, 2013	September 27, 2013	$	0.17	374.8
October 15, 2013	October 28, 2013	$	0.17	374.8
November 15, 2013	November 27, 2013	$	0.17	374.8
December 15, 2013	December 27, 2013	$	0.17	374.8
Total dividends paid				$	4,480.4

December 31, 2012



Record Date	Payment Date	Rate per Series A Preferred share		Aggregate amount paid to holders of record
July 13, 2012 (1)	July 27, 2012	$	0.29	$	401.0
August 15, 2012	August 27, 2012	$	0.17	272.0
September 14, 2012	September 27, 2012	$	0.17	292.0
October 15, 2012	October 29, 2012	$	0.17	315.0
November 15, 2012	November 27, 2012	$	0.17	339.0
December 14, 2012	December 27, 2012	$	0.17	344.6
Total dividends paid				$	1,963.6

(1)This amount included $160 paid to holders of record on July 13, 2012 for the period of June 7, 2012 through June 30, 2012.

The following tables present our Series B Preferred Stock dividend transactions for the years ended December 31, 2014 and December 31, 2013. There were no Series B Preferred Stock dividend transactions for the year ended December 31, 2012.

December 31, 2014



Record Date	Payment Date	Rate per Series B Preferred Share		Aggregate amount paid to holders of record
January 15, 2014	January 27, 2014	$	0.16	$	926.9
February 15, 2014	February 27, 2014	$	0.16	$	926.9
March 15, 2014	March 27, 2014	$	0.16	$	926.9
April 15, 2014	April 28, 2014	$	0.16	$	926.9
May 15, 2014	May 27, 2014	$	0.16	$	926.9
June 15, 2014	June 27, 2014	$	0.16	$	926.9
July 15, 2014	July 28, 2014	$	0.16	$	926.9
August 15, 2014	August 27, 2014	$	0.16	$	926.9
September 15, 2014	September 29, 2014	$	0.16	$	926.9
October 15, 2014	October 27, 2014	$	0.16	$	926.9
November 15, 2014	November 28, 2014	$	0.16	$	926.9
December 15, 2014	December 29, 2014	$	0.16	$	926.9
Total dividends paid				$	11,122.8

December 31, 2013



Record Date	Payment Date	Rate per Series B Preferred share		Aggregate amount paid to holders of record
March 15, 2013	March 27, 2013	$	0.25	$	1,391.0
April 15, 2013	April 29, 2013	$	0.16	926.9
May 15, 2013	May 27, 2013	$	0.16	926.9
June 14, 2013	June 27, 2013	$	0.16	926.9
July 15, 2013	July 29, 2013	$	0.16	926.9
August 15, 2013	August 27, 2013	$	0.16	926.9
September 15, 2013	September 27, 2013	$	0.16	926.9
October 15, 2013	October 28, 2013	$	0.16	926.9
November 15, 2013	November 27, 2013	$	0.16	926.9
December 15, 2013	December 27, 2013	$	0.16	926.9
Total dividends paid				$	9,733.1

Equity Capital Raising Activities

The following tables present our equity transactions for the years ended December 31, 2014, December 31, 2013 and December 31, 2012.

December 31, 2014



Transaction Type	Completion Date	Number of Shares	Per Share price (1)		Net Proceeds
Common stock dividend reinvestment program	January 27, 2014 through December 30, 2014	66	$	4.12	$	269


(1)	Weighted average price

December 31, 2013



Transaction Type	Completion Date	Number of Shares	Per Share price (1)		Net Proceeds
Series A Preferred equity distribution agreements	January 2, 2013 to January 30, 2013	175	$	25.51	$	4,380
Common stock dividend reinvestment program	January 25, 2013 to December 27, 2013	67	$	4.83	$	—
Series B Preferred initial offering	February 20, 2013	5,650	$	25.00	$	136,553
Common stock follow-on public offering	February 20, 2013	65,000	$	6.75	$	438,582

(1) Weighted average price

December 31, 2012



Transaction Type	Completion Date	Number of Shares	Per Share price (1)		Net Proceeds
Follow-on public offering	January 13, 2012	10,350	$	6.80	$	70,179
Follow-on public offering	February 8, 2012	29,900	$	6.80	$	203,033
Equity distribution agreement	February 29, 2012	1,287	$	7.06	$	8,902
Follow-on public offering	March 14, 2012	35,650	$	6.72	$	239,168
Issuance of Series A Preferred Stock	June 7, 2012	1,400	$	25.00	$	33,780
Follow-on public offering	July 13, 2012	46,000	$	7.06	$	324,474
Follow-on public offering	August 8, 2012	63,250	$	7.30	$	461,435
Common equity distribution agreements	January 18, 2012 to September 11, 2012	19,750	$	7.14	$	138,159
Preferred equity distribution agreements	July 16, 2012 to December 27, 2012	606	$	25.54	$	15,014
Dividend Reinvestment and Stock Purchase Plan	January 25, 2012 to December 28, 2012	7,286	$	7.28	$	52,888

(1) Weighted average price

Common Stock Repurchases

The following tables present our common stock repurchases for the year ended December 31, 2014 and December 31, 2013. We did not have any common stock repurchases for the year ended December 31, 2012.

December 31, 2014



Transaction Type	Completion Date	Number of Shares	Per Share price (1)		Net Cost
Repurchased common shares	March 12, 2014 through December 31, 2014	4,804	$	3.82	$	18,362


(1)	Weighted average price

December 31, 2013



Transaction Type	Completion Date	Number of Shares	Per Share price (1)		Net Cost
Repurchased common shares	May 15, 2013 to May 17, 2013	3,396	$	5.94	$	20,259
Repurchased common shares	December 11, 2013 to December 31, 2013	13,375	$	3.89	$	52,435

(1) Weighted average price

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details