v2.4.0.8

Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

(a) Dividends

On November 6, 2013, the Company's Board of Directors authorized the following quarterly dividends:

		Dividend per Share				Payable on:		Record date:
Common shares		$	0.11			January 15, 2014		January 2, 2014
Preference shares - Series A		$	0.515625			December 16, 2013		December 1, 2013
Preference shares - Series B		$	0.7451389			December 16, 2013		December 1, 2013

(b) Preference Shares - Series B

On October 1, 2013, the Company received proceeds from the issuance of the 3,000,000 Preference Shares - Series B of $145,500, which was net of the discount of $4,500. On the same date, the underwriters of the offering exercised their over allotment option to purchase 300,000 additional shares of the Preference Shares - Series B. The Company received net proceeds relating to the exercise of the over allotment option of $14,550, net of the discount of $450, on October 3, 2013.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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