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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
1 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ (208,925) $ 9,498,494
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization/accretion of available-for-sale securities premiums and discounts, net 16,715 (86,731)
Realized loss on sale of investments, net 427 14,667,580
Unrealized (gain) loss on Linked Transactions, net (140,459) 617,334
Realized (gain) loss on swap and swaption agreements 5,333 (11,649,504)
Unrealized (gain) loss on interest rate swap and swaption agreements 234,130 (7,099,900)
Net change in:    
Accrued interest receivable (169,296) (1,412,560)
Other assets 0 (221,407)
Accrued interest payable 6,965 143,655
Investment related payable 9,766,872 0
Fees and expenses payable to Manager 134,682 285,000
Other accounts payable and accrued expenses 11,275 120,805
Net cash provided by operating activities 9,657,719 4,862,766
Cash flows from investing activities:    
Purchase of available-for-sale securities (66,445,340) (919,943,794)
Proceeds from sales of available-for-sale securities 0 353,258,001
Purchase of derivative contracts (64,000) (672,000)
Proceeds from sales of derivative contracts 0 11,760,171
Principal payments from available-for-sale securities 14,741 16,394,846
Restricted cash (250,306) (21,698,852)
Net cash used in investing activities (66,744,905) (560,901,628)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 26,177,089 84,000,000
Net proceeds from issuance of preferred stock 0 10,041
Redemption of preferred stock 0 (110,000)
Restricted stock compensation expense 0 49,964
Change in deferred offering costs 0 915,512
Dividends paid on common stock 0 (3,985,896)
Dividends paid on preferred stock 0 (2,326)
Proceeds from repurchase agreements 54,314,000 2,303,464,000
Principal repayments of repurchase agreements 0 (1,803,358,000)
Net cash paid on securities underlying Linked Transactions (19,055,318) (23,982,780)
Cash received from repurchase agreements underlying Linked Transactions 10,166,000 16,321,000
Net cash provided by financing activities 71,601,771 573,321,515
Net increase in cash and cash equivalents 14,514,585 17,282,653
Cash and cash equivalents, beginning of period 0 3,608,759
Cash and cash equivalents, end of period 14,514,585 20,891,412
Supplemental disclosure of cash flow information    
Cash paid for interest 78,938 3,184,782
Non-cash investing and financing activities information    
Net change in unrealized gain (loss) on available-for-sale securities $ 157,236 $ (26,435,355)