COMMON SHARE REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2014

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

As of June 30, 2014, the Company had a share repurchase program for up to 45 million of the Company’s common shares.  At management’s discretion, the Company repurchases its common shares from time to time in the open market, depending on market conditions, stock price and other factors.  During the three and six month periods ended June 30, 2014, the Company purchased an aggregate of 1,009,353 and 1,695,745 common shares in the open market under this program.  As of June 30, 2014, there remained 13,975,014 common shares available for repurchase under this program.  The repurchased common shares remain in treasury and have not been retired.