XML 51 R19.htm IDEA: XBRL DOCUMENT

Subsequent events	6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent events	Note 13 — Subsequent events Dividend Declaration On August 3, 2015, the Company declared a dividend of $0.22 per share, to be paid on August 28, 2015, to stockholders of record as of August 14, 2015. Management Fees On July 28, 2015, we issued 29,790 shares of our common stock to the Manager in payment of 50% of the management fee due for the second quarter of 2015 in a private transaction. The management fee expense associated with these shares was recorded as an expense in the second quarter of 2015. Directors’ Retainer On July 28, 2015, we issued each of Jonathan Bradford Handley, Jr., Daniel Hoffman, J. Kirk Ogren Jr. and John Condas 435 shares of our common stock in payment of half of their quarterly director fees for the second quarter of 2015. Securitization On July 2, 2015, we closed on our fourth securitization. An aggregate of $87.2 million of senior securities and $15.9 million of subordinated securities were issued in private offerings to institutional investors with respect to $158.5 million UPB of mortgage loans.

Subsequent events

6 Months Ended

Jun. 30, 2015

Note 13 — Subsequent events

Dividend Declaration

On August 3, 2015, the Company declared a dividend of $0.22 per share, to be paid on August 28, 2015, to stockholders of record as of August 14, 2015.

Management Fees

On July 28, 2015, we issued 29,790 shares of our common stock to the Manager in payment of 50% of the management fee due for the second quarter of 2015 in a private transaction. The management fee expense associated with these shares was recorded as an expense in the second quarter of 2015.

Directors’ Retainer

On July 28, 2015, we issued each of Jonathan Bradford Handley, Jr., Daniel Hoffman, J. Kirk Ogren Jr. and John Condas 435 shares of our common stock in payment of half of their quarterly director fees for the second quarter of 2015.

Securitization

On July 2, 2015, we closed on our fourth securitization. An aggregate of $87.2 million of senior securities and $15.9 million of subordinated securities were issued in private offerings to institutional investors with respect to $158.5 million UPB of mortgage loans.