BENEFICIAL INTEREST

12 Months Ended

Dec. 31, 2015

BENEFICIAL INTEREST

BENEFICIAL INTEREST

NOTE 14 – BENEFICIAL INTEREST

We are authorized to issue 100,000,000 common shares of beneficial interest with $0.01 par value and 50,000,000 preferred shares with $0.01 par value, which collectively represent the beneficial interest of Sterling. As of December 31, 2015and 2014, there were 7,579,000 and 5,624,000 common shares outstanding. We had no preferred shares outstanding as of either date.

Dividends paid to holders of common shares were $0.9300 per share and $0.9000 per share for the years ended December 31, 2015 and 2014, respectively.