COMMON SHARE REPURCHASE PROGRAM

9 Months Ended

Sep. 30, 2013

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

As of September 30, 2013, the Company had a share repurchase program for up to 45 million of the Company’s common shares.  At management’s discretion, the Company repurchases its common shares from time to time in the open market, depending on market conditions, stock price and other factors.  During the three and nine month periods ended September 30, 2013, the Company purchased an aggregate of 710,726 and 1,923,142 common shares, respectively, in the open market under this program.  As of September 30, 2013, there remained 16,419,231 common shares available for repurchase under this program.  The repurchased common shares remain in treasury and have not been retired.