| Summary of Changes in Stockholders' Equity |
The following table summarizes the changes in our
stockholders’ equity for the nine months ended
September 30, 2013:
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Common Stock |
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Additional
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Total |
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Number of
Shares |
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Par Value |
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Paid-in
Capital |
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Retained
Earnings |
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Stockholders’
Equity |
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Balance at December 31, 2012
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2,750,000 |
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$ |
2,750 |
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$ |
— |
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$ |
8,133,976 |
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$ |
8,136,726 |
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Net income
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— |
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— |
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— |
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82,633 |
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82,633 |
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Proceeds from issuance of common stock, net
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3,780,264 |
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3,780 |
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51,326,261 |
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— |
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51,330,041 |
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Distributions
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— |
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— |
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— |
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(5,224,211 |
) |
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(5,224,211 |
) |
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Balance at September 30, 2013
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6,530,264 |
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$ |
6,530 |
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$ |
51,326,261 |
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$ |
2,992,398 |
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$ |
54,325,189 |
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| Monthly Distributions Declared and Paid by Company's Board of Directors |
Our Board of Directors declared and paid the following monthly
distributions to common stockholders during the nine months ended
September 30, 2013:
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Declaration Date
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Record Date
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Payment Date
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Distribution per
Common Share |
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February 5, 2013
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February 15, 2013 |
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February 28, 2013 |
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$ |
0.04 |
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February 5, 2013
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March 15, 2013 |
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March 28, 2013 |
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0.04 |
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April 9, 2013
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April 22, 2013 |
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April 30, 2013 |
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0.12 |
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April 9, 2013
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May 20, 2013 |
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May 31, 2013 |
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0.12 |
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April 9, 2013
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June 19, 2013 |
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June 28, 2013 |
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0.12 |
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July 9, 2013
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July 19, 2013 |
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July 31, 2013 |
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0.12 |
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July 9, 2013
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August 21, 2013 |
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August 30, 2013 |
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0.12 |
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July 9, 2013
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September 18, 2013 |
|
September 30, 2013 |
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0.12 |
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Total: |
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$ |
0.80 |
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