SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On August 6, 2015, the Company's board of directors declared a cash distribution for the quarter ended June 30, 2015 on its common shares totaling $52.1 million, or $521,120 per common share. The distribution was paid on August 7, 2015 to common shareholders of record as of the close of business on August 6, 2015.

On June 25, 2015, the Company’s board of directors declared a cash distribution on its Series A LLC Preferred Shares totaling $6.9 million, or $0.460938 per share. The distribution was paid on July 15, 2015 to preferred shareholders as of the close of business on July 8, 2015.