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Shareholders' Equity
 6 Months Ended
Jun. 30, 2011
Shareholders' Equity  
Shareholders' Equity

Note 7.  Shareholders’ Equity

 

On May 12, 2011, we paid a $0.37 per share, or $52,490, distribution to our common shareholders for the quarter ended March 31, 2011.  On July 1, 2011, we declared a distribution of $0.37 per share, or $56,748, to be paid to common shareholders of record on July 11, 2011, with respect to our results for the quarter ended June 30, 2011. We expect to pay this distribution on or about August 12, 2011.  On August 12, 2010, we paid a $0.36 per share, or $45,869, distribution to our common shareholders for the quarter ended June 30, 2010.

 

On May 16, 2011, we granted 2,000 common shares of beneficial interest, par value $0.01 per share, valued at $23.43 per share, the closing price of our common shares on the New York Stock Exchange, or the NYSE, on that day, to each of our five Trustees.  We made these grants pursuant to an exemption from registration contained in Section 4(2) of the Securities Act of 1933, as amended, or the Securities Act.

 

In July 2011, we issued 11,500,000 common shares in a public offering, raising net proceeds of approximately $247,500.  We used the net proceeds of this offering to repay borrowings outstanding on our revolving credit facility and for general business purposes, including the partial funding of the acquisitions described above.