DIVIDENDS DECLARED	3 Months Ended
Mar. 31, 2014
DIVIDENDS DECLARED
DIVIDENDS DECLARED	11. DIVIDENDS DECLARED We declared distributions to our partners of $16,100,000 prior to the Acquisition Date ($0.0337 per common share, as converted). In addition, dividends of $59,286,000 ($5.595 per common share) were paid to the PMC Commercial shareholders, which includes the $5.50 per common share special dividend plus the $0.095 pro rata portion of PMC Commercial's regular quarterly cash dividend. On March 24, 2014, we declared a common share dividend of $0.01 per common share and a preferred dividend of $0.0403 per preferred share ($0.0057 per common share as converted) which were paid on March 28, 2014. In addition, on April 28, 2014, the board of directors (the "Board of Directors") declared a dividend in the aggregate amount of $1,964,000 to the preferred shareholders ($0.0302 per preferred share and $0.0043 per common share, as converted) in connection with the conversion of preferred shares to common shares (see Note 17).

11. DIVIDENDS DECLARED

We declared distributions to our partners of $16,100,000 prior to the Acquisition Date ($0.0337 per common share, as converted). In addition, dividends of $59,286,000 ($5.595 per common share) were paid to the PMC Commercial shareholders, which includes the $5.50 per common share special dividend plus the $0.095 pro rata portion of PMC Commercial's regular quarterly cash dividend.

On March 24, 2014, we declared a common share dividend of $0.01 per common share and a preferred dividend of $0.0403 per preferred share ($0.0057 per common share as converted) which were paid on March 28, 2014.

In addition, on April 28, 2014, the board of directors (the "Board of Directors") declared a dividend in the aggregate amount of $1,964,000 to the preferred shareholders ($0.0302 per preferred share and $0.0043 per common share, as converted) in connection with the conversion of preferred shares to common shares (see Note 17).