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Dividend Reinvestment and Stock Purchase Plan
12 Months Ended
Dec. 31, 2012
Dividend Reinvestment and Stock Purchase Plan  
Dividend Reinvestment and Stock Purchase Plan

19.                              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 2012, we issued 55,598 shares and raised approximately $2.2 million under the DSPP.  During 2011, we issued 59,605 shares and raised approximately $2.0 million under the DSPP.  From the inception of the DSPP through December 31, 2012, we have issued 115,203 shares and raised approximately $4.2 million.