SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 16 — SUBSEQUENT EVENTS

Dividend Payout

In July 2012, the Company’s Board of Directors approved the payment of third quarter dividends of $20.00 per share on the Company’s Series A preferred stock. The dividend is payable on or about August 1, 2012 to shareholders of record as of July 15, 2012. Additionally, the Board declared a quarterly dividend of $0.10 per share on the Company’s common stock payable on or about August 24, 2012 to shareholders of record as of August 10, 2012.

Stock Repurchase

Subsequent to June 30, 2012, the Company repurchased approximately $28.8 million worth of common stock, pursuant to the Stock Repurchase Plan approved in January 2012.