XML 63 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
Stockholders' Equity
9 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Common Stock Offering. During the first quarter of 2015, the Company completed a follow-on public offering of 11,500,000 shares of its common stock, including the full exercise of the underwriters’ option to purchase additional shares, at a price of $16.82 per share. The aggregate net proceeds from the offering, including proceeds from the sale of the additional shares, were approximately $193,148 after deducting estimated offering expenses payable by the Company.
On September 21, 2015, the Company completed a private offering of 8,823,529 shares of its common stock at a price of $17.00 per share.
Common Stock and Preferred Stock Offering. On September 21, 2015, the Company completed a private placement of 8,823,529 shares of its common stock at a price of $17.00 per share, and 8,000,000 shares of 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") with a liquidation preference of $25.00 per share at a price of $24.71 per share. The aggregate net proceeds from the common and Series B Preferred Stock private placement completed on September 21, 2015 were approximately $346,855 after deducting the $500 placement agent fee paid to Apollo Global Securities, LLC acting as placement agent in this transaction and estimated offering expenses payable by the Company.
Share Repurchase. During the third quarter of 2015, the Company repurchased 107,432 shares of its common stock at a weighted average net price of $16.20, resulting in a payment of $1,741.
Dividends. For 2015, the Company declared the following dividends on its common stock:
 
Declaration Date
Record Date
Payment Date
Amount
February 25, 2015
March 31, 2015
April 15, 2015
$
0.44

April 28, 2015
June 30, 2015
July 15, 2015
$
0.44

July 28, 2015
September 30, 2015
October 15, 2015
$
0.44



For 2015, the Company declared the following dividends on its 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”):
 
Declaration Date
Record Date
Payment Date
Amount
March 16, 2015
March 31, 2015
April 15, 2015
$
0.5391

June 9, 2015
June 30, 2015
July 15, 2015
$
0.5391

September 9, 2015
September 30, 2015
October 15, 2015
$
0.5391