EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block]

The following table provides additional disclosure regarding the computation for the three and six months ended June 30, 2013 and the period May 16, 2012 (commencement of operations) to June 30, 2012:

	Three Months Ended June 30, 2013				Six Months Ended June 30, 2013
Net income			$	7,970,380			$	9,498,494
Preferred dividends				-				-
Net income attributable to common stockholders				7,970,380				9,498,494
Less dividends paid:
Common stock	$	3,325,163			$	3,765,063
Unvested share-based payment awards		-				2,326
				3,325,163				3,767,389
Undistributed earnings			$	4,645,217			$	5,731,105

	Unvested Share-Based				Unvested Share-Based
	Payment Awards		Common Stock		Payment Awards		Common Stock
Distributed earnings	$	-	$	0.45	$	-	$	0.78
Undistributed earnings		0.63		0.63		1.18		1.18
Total	$	0.63	$	1.08	$	1.18	$	1.96

	Period May 16, 2012 to June 30, 2012
Net income			$	(208,925)
Preferred dividends				-
Net income attributable to common stockholders				(208,925)
Less dividends paid:
Common stock	$	-
Unvested share-based payment awards		-
				-
Undistributed earnings			$	(208,925)

	Unvested Share-Based
	Payment Awards		Common Stock
Distributed earnings	$	-	$	-
Undistributed earnings		-		(0.13)
Total	$	-	$	(0.13)