Note 25 - Subsequent Events

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

25

. Subsequent Events

On

April 22, 2019,

the Company's board of directors approved the extension of the Company’s share repurchase program through

June 30, 2019.

The current repurchase program was initially authorized on

December 13, 2017

and allowed for the repurchase of up to

one million

of the Company’s outstanding common shares through

April 20, 2019.

As of

March 31, 2019,

the Company had

212,986

shares available to be purchased under the repurchase program.

 

On

April 29, 2019,

the Company’s board of directors declared cash distributions of

$0.04

 per share for the

first

quarter of 

2019

.

The distribution is payable on

May 31, 2019,

to shareholders of record as of

May

 17, 2019. 

On

May 13, 2019,

the Company’s board of directors  authorized the launch of a tender offer (the “Tender Offer”) to repurchase for cash up to

3,000,000

of shares representing limited liability company interests of the Company. The Tender Offer is expected to commence on

May 16, 2019

and is set to expire on

June 13, 2019.

The Company has set the purchase price of the shares in the Tender Offer at

$3.95

per share.