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Common Stock Common Stock (Tables)
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Schedule of Common Stock Offerings
The following are the Company's equity offerings of common stock during the six months ended June 30, 2013 (dollar amounts in millions):
Type of offering
 
Closing Date
 
Number of Shares(1)
 
Gross Proceeds
Registered follow on offering
 
January 29, 2013
 
2,070,000

 
$
26.7

ATM
 
January 1 - June 30, 2013
 
553,300

 
8.9

Private placement offering
 
June 7, 2013
 
29,411,764

 
455.0

Total
 
 
 
32,035,064

 
$
490.6


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(1) Excludes 140.7 million shares of common stock that were issued to the stockholders of ARCT III's common stock in conjunction with the ARCT III Merger.
Schedule of Dividends Authorized and Paid
Dividend increase declaration date
 
Annualized dividend per share
 
Effective date
March 17, 2013
 
$0.91
 
June 8, 2013
May 28, 2013
 
$0.94
 
*

_______________________________________________
* The dividend increase is contingent upon, and effective with, the earlier of the close of the ARCT IV Merger or the close of the CapLease Merger.
The annualized dividend rate at June 30, 2013 was $0.910 per share.