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Dividend Reinvestment and Stock Purchase Plan
9 Months Ended
Sep. 30, 2012
Dividend Reinvestment and Stock Purchase Plan  
Dividend Reinvestment and Stock Purchase Plan

18.     Dividend Reinvestment and Stock Purchase Plan

 

In March 2011, we established a Dividend Reinvestment and Stock Purchase Plan, or the DSPP, to provide our common stockholders, as well as new investors, with a convenient and economical method of purchasing our common stock and reinvesting their distributions. The DSPP also allows our current stockholders to buy additional shares of common stock by reinvesting all or a portion of their distributions. The DSPP authorizes up to 6,000,000 common shares to be issued.  During the first nine months of 2012, we issued 55,598 shares and raised approximately $2.2 million under the DSPP. During the first nine months of 2011, we issued 38,643 shares and raised approximately $1.3 million under the DSPP.  Since inception of the DSPP, we have issued 115,203 shares and raised approximately $4.2 million.