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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2012
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 16 — SUBSEQUENT EVENTS

 

Dividend Payout

 

In October 2012, the Company’s Board of Directors approved the payment of fourth quarter dividends of $20.00 per share on the Company’s Series A preferred stock. The dividend is payable on or about November 1, 2012 to shareholders of record as of October 15, 2012. Additionally, the Board declared a quarterly dividend of $0.10 per share on the Company’s common stock payable on or about November 23, 2012 to shareholders of record as of November 9, 2012.