Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

NOTE 8 — Subsequent Events

During July 2011, we issued 800,000 shares of 7.00% Class Z Cumulative Preferred Stock, par value $0.01 per share, in an underwritten public offering for net proceeds per share of $23.09 (reflecting a price to the public of $24.25 per share, less an underwriting discount, commissions and estimated transaction costs of $1.16 per share). The offering generated net proceeds of $18.5 million (after deducting underwriting discounts, commissions and estimated transaction costs). We intend to use the net proceeds to partially redeem outstanding preferred securities with a higher dividend rate.