Capital Stock (Tables)

9 Months Ended

Sep. 30, 2014

Capital Stock [Abstract]

Issuances of Common Stock

Common Stock Issuances

During 2014 and 2013, the Company completed the following public offerings of shares of its common stock.

($ in thousands, except per share amounts)
			Price
			Received			Net
Type of Offering	Period		Per Share(1)	Shares		Proceeds(2)
2014
Secondary Offering	First Quarter	$	12.50	2,070,000	$	24,174
Secondary Offering(3)	First Quarter		12.55	3,680,000		43,989
At-the-Market Offering Program(4)	Second Quarter		13.14	537,499		6,914
At-the-Market Offering Program(4)	Third Quarter		13.99	3,389,441		46,372
At-the-Market Offering Program(4)	Fourth Quarter		13.90	52,532		716
				9,729,472	$	122,165
($ in thousands, except per share amounts)
			Price
			Received			Net
Type of Offering	Period		Per Share(1)	Shares		Proceeds(2)
2013
Initial Public Offering	First Quarter	$	15.00	2,360,000	$	35,400 (5)
				2,360,000	$	35,400

• Price received per share is gross of underwriters’ discount, if applicable, and other offering costs.
• Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs.
• Includes net proceeds received of $5.7 million and 480,000 shares issued to the underwriters in April 2014 pursuant to the exercise of their overallotment option related to the March 2014 offering.
• The Company has entered into two Equity Distribution Agreements, one of which was replaced with the current agreement, to publicly offer and sell shares of the Company’s common stock in at-the-market and privately negotiated transactions from time to time. The net proceeds and shares issued in the fourth quarter of 2014 under this program are not reflected in the Company’s financial statements as of September 30, 2014. As of September 30, 2014, shares with a value of $55.5 million remain available for issuance under the September Equity Distribution Agreement.
• Bimini Advisors has paid, or has reimbursed the Company for all offering expenses in connection with the Company’s IPO. The Company has no obligation or intent to reimburse Bimini Advisors, either directly or indirectly, for the offering costs; therefore they are not included in the Company's financial statements.

Dividends

Declaration Date	Record Date	Payment Date		Per Share Amount		Total
2014
October 9, 2014(1)	October 28, 2014	October 31, 2014	$	0.180	$	2,358,177
September 9, 2014	September 25, 2014	September 30, 2014		0.180		2,348,198
August 12, 2014	August 26, 2014	August 29, 2014		0.180		1,998,506
July 10, 2014	July 28, 2014	July 31, 2014		0.180		1,758,965
June 11, 2014	June 25, 2014	June 30, 2014		0.180		1,711,531
May 8, 2014	May 27, 2014	May 30, 2014		0.180		1,640,820
April 8, 2014	April 25, 2014	April 30, 2014		0.180		1,636,500
March 11, 2014	March 26, 2014	March 31, 2014		0.180		1,550,100
February 11, 2014	February 25, 2014	February 28, 2014		0.180		974,100
January 9, 2014	January 27, 2014	January 31, 2014		0.180		925,500
Totals			$	1.800	$	16,902,397
Declaration Date	Record Date	Payment Date		Per Share Amount		Total
2013
December 11, 2013	December 26, 2013	December 30, 2013	$	0.180	$	601,497
November 12, 2013	November 25, 2013	November 27, 2013		0.135		451,125
October 10, 2013	October 25, 2013	October 31, 2013		0.135		451,125
September 10, 2013	September 25, 2013	September 30, 2013		0.135		451,125
August 12, 2013	August 26, 2013	August 30, 2013		0.135		451,125
July 9, 2013	July 25, 2013	July 31, 2013		0.135		451,125
June 10, 2013	June 25, 2013	June 28, 2013		0.135		451,125
May 9, 2013	May 28, 2013	May 31, 2013		0.135		451,125
April 10, 2013	April 25, 2013	April 30, 2013		0.135		451,125
March 8, 2013	March 25, 2013	March 27, 2013		0.135		451,125
Totals			$	1.395	$	4,661,622