COMMON SHARE REPURCHASE PROGRAM

3 Months Ended

Mar. 31, 2014

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

As of March 31, 2014, 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 month period ended March 31, 2014, the Company purchased an aggregate of 686,392 common shares in the open market under this program.  As of March 31, 2014, there remained 14,984,367 common shares available for repurchase under this program.  The repurchased common shares remain in treasury and have not been retired.