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Cash Distributions
 9 Months Ended
Sep. 30, 2016
Cash Distributions  
Cash Distributions

 

7.Cash Distributions

 

The Company’s board of directors declared and paid cash distributions as follows:

 

Quarter Paid

 

Distributions
Per Preferred
Share

 

Total
Distributions

 

 

 

 

 

 

 

First quarter of 2016

 

$

—

 

$

—

 

Second quarter of 2016

 

$
316 

 

$
698,360 

 

Third quarter of 2016

 

$
316 

 

$
698,360 

 

 

 

 

 

 

 

First quarter of 2015

 

$

—

 

$

—

 

Second quarter of 2015

 

$

—

 

$

—

 

Third quarter of 2015

 

$

—

 

$

—