NOTE 10 – DISTRIBUTIONS

Common Stock

The following cash distributions, including dividends reinvested, were paid to common shareholders during the three years ended December 31, 2014, 2013 and 2012:

		2014			2013			2012
Quarter Ended	Amount		Per Share	Amount		Per Share	Amount		Per Share

March 31	$3,853,595		$0.18	$3,155,607		$0.18	$2,809,868		$0.18
June 30	3,991,110		0.18	3,294,938		0.18	2,902,806		0.18
September 30	4,125,060		0.18	3,456,304		0.18	2,954,616		0.18
December 31	4,316,063		0.18	3,656,622		0.18	3,062,506		0.18

	$16,285,828		$0.72	$13,563,471		$0.72	$11,729,796		$0.72

These amounts do not include the discount on shares purchased through the Company’s DRIP.

On January 21, 2015, the Company declared a cash dividend of $0.18 per share to be paid on March 16, 2015 to common shareholders of record as of the close of business on February 17, 2015.

Preferred Stock

The following dividends were paid to preferred shareholders during the year ended December 31, 2014, 2013 and 2012:

Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share

1/15/2014	2/18/2014	3/17/2014	$1,889,147	$0.515625
4/1/2014	5/15/2014	6/16/2014	1,889,147	0.515625
7/1/2014	8/15/2014	9/15/2014	1,889,147	0.515625
10/1/2014	11/17/2014	12/15/2014	1,889,147	0.515625

			$7,556,588	$2.0625

Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share

1/16/2013	2/15/2013	3/15/2013	$1,889,147	$0.515625
4/8/2013	5/15/2013	6/17/2013	1,889,147	0.515625
7/1/2013	8/15/2013	9/16/2013	1,889,147	0.515625
10/1/2013	11/15/2013	12/16/2013	1,889,147	0.515625

			$7,556,588	$2.0625

Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share

1/18/2012	2/15/2012	3/15/2012	$690,319	$0.515625
4/17/2012	5/15/2012	6/15/2012	930,716	0.515625
7/9/2012	8/15/2012	9/17/2012	1,244,616	0.515625
10/1/2012	11/15/2012	12/17/2012	1,459,458	0.515625

			$4,325,109	$2.0625

On January 21, 2015, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2014 through February 28, 2015, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable March 16, 2015 to preferred shareholders of record as of the close of business on February 17, 2015. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.