22.	Subsequent Events

First Quarter 2017 Dividend

On May 2, 2017, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per share for the first quarter of 2017, payable on June 5, 2017 to Class A and Class B common stockholders of record as of May 19, 2017.

Controlled Equity Offering

Since March 31, 2017, the Company has sold, pursuant to the November 2014 Sales Agreement, 1.1 million shares of Class A common stock related to redemptions and exchanges of limited partnership interests in BGC Holdings.

On April 12, 2017, the Company entered into a CEO sales agreement with CF&Co (“April 2017 Sales Agrement”), pursuant to which the Company may offer and sell up to an aggregate of 20 million shares of Class A common stock. Shares of the Company’s Class A common stock sold under its CEO sales agreements are used primarily for redemptions and exchanges of limited partnership interests in BGC Holdings. CF&Co is a wholly owned subsidiary of Cantor and an affiliate of the Company. Under this agreement, the Company has agreed to pay CF&Co 2% of the gross proceeds from the sale of shares. As of May 8, 2017, the Company has not sold any shares of Class A common stock under the April 2017 Sales Agreement.

Credit Facility

On April 21, 2017, pursuant to a previously disclosed authorization by the Audit Committee of BGC’s Board of Directors, the Company entered into a $150 million revolving credit facility (the “Credit Facility”) with an affiliate of Cantor. BGC agreed to lend $150 million under the Credit Facility to such affiliate (the “Loan”). As of the date hereof, the Credit Facility was fully drawn and the interest rate on the Loan is currently 4.24%. The Credit Facility has a maturity date of April 20, 2018, which may be extended from time to time on the terms set forth in the Credit Facility.

To fund the Loan, on April 21, 2017, the Company drew $150 million from its revolving credit agreement with Bank of America, N.A., as administrative agent, and a syndicate of other lenders, dated as of February 25, 2016. This amount currently carries an interest rate of 2.99%.