DIVIDENDS DECLARED	12 Months Ended
Dec. 31, 2015
DIVIDENDS DECLARED
DIVIDENDS DECLARED	11. DIVIDENDS DECLARED Dividends declared during the years ended December 31, 2015 and 2014 consisted of the following: On March 6, 2015, June 12, 2015, September 14, 2015 and December 10, 2015, we declared common share dividends of $0.21875 per share of Common Stock which were paid on March 27, 2015, June 29, 2015, September 30, 2015 and December 29, 2015, respectively. CIM Urban paid a distribution of $16,100,000 in 2014 prior to the Acquisition Date ($0.1685 per share of Common Stock, as converted). On March 24, 2014, we declared a common share dividend of $0.05 per share of Common Stock and a preferred dividend of $0.0403 per share of preferred stock ($0.0285 per share of Common Stock, as converted) which were paid on March 28, 2014. On April 28, 2014, we declared a dividend in the aggregate amount of $1,964,000 to the preferred stockholders ($0.0302 per share of preferred stock and $0.0215 per share of Common Stock, as converted) in connection with the conversion of shares of preferred stock to shares of Common Stock, which was paid on June 27, 2014. On June 12, 2014, September 12, 2014 and December 9, 2014, we declared common share dividends of $0.21875 per share of Common Stock which were paid on June 27, 2014, September 29, 2014 and December 29, 2014, respectively. On March 8, 2016, we declared a common share dividend of $0.21875 per share of Common Stock, to be paid on March 29, 2016 to stockholders of record on March 21, 2016. In addition, dividends of $59,286,000 ($27.975 per share of Common Stock) were paid to the PMC Commercial stockholders in connection with the Merger, which includes the $27.50 per share of Common Stock special dividend plus the $0.475 pro rata portion of PMC Commercial’s regular quarterly cash dividend.

11. DIVIDENDS DECLARED

Dividends declared during the years ended December 31, 2015 and 2014 consisted of the following:

On March 6, 2015, June 12, 2015, September 14, 2015 and December 10, 2015, we declared common share dividends of $0.21875 per share of Common Stock which were paid on March 27, 2015, June 29, 2015, September 30, 2015 and December 29, 2015, respectively.

CIM Urban paid a distribution of $16,100,000 in 2014 prior to the Acquisition Date ($0.1685 per share of Common Stock, as converted).

On March 24, 2014, we declared a common share dividend of $0.05 per share of Common Stock and a preferred dividend of $0.0403 per share of preferred stock ($0.0285 per share of Common Stock, as converted) which were paid on March 28, 2014.

On April 28, 2014, we declared a dividend in the aggregate amount of $1,964,000 to the preferred stockholders ($0.0302 per share of preferred stock and $0.0215 per share of Common Stock, as converted) in connection with the conversion of shares of preferred stock to shares of Common Stock, which was paid on June 27, 2014.

On June 12, 2014, September 12, 2014 and December 9, 2014, we declared common share dividends of $0.21875 per share of Common Stock which were paid on June 27, 2014, September 29, 2014 and December 29, 2014, respectively.

On March 8, 2016, we declared a common share dividend of $0.21875 per share of Common Stock, to be paid on March 29, 2016 to stockholders of record on March 21, 2016.

In addition, dividends of $59,286,000 ($27.975 per share of Common Stock) were paid to the PMC Commercial stockholders in connection with the Merger, which includes the $27.50 per share of Common Stock special dividend plus the $0.475 pro rata portion of PMC Commercial’s regular quarterly cash dividend.