Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Stockholders' Equity

NOTE 6. STOCKHOLDERS’ EQUITY

Distributions

The distributions to common stockholders declared by our Board of Directors and paid by us during the three months ended March 31, 2015 and 2014 are reflected in the table below.

 

Fiscal Year

   

Declaration Date

   

Record Date

   

Payment Date

    Distributions per
Common Share		  

2015

    January 13, 2015    January 23, 2015    February 3, 2015    $ 0.035   
   January 13, 2015    February 18, 2015    February 27, 2015      0.035   
   January 13, 2015    March 20, 2015    March 31, 2015      0.035   
           

 

 

  

Three Months ended March 31, 2015

 $ 0.105   
           

 

 

  

2014

 January 7, 2014 January 22, 2014 January 31, 2014 $ 0.030   
January 7, 2014 February 19, 2014 February 28, 2014   0.030   
January 7, 2014 March 17, 2014 March 31, 2014   0.030   
           

 

 

  

Three Months ended March 31, 2014

 $ 0.090   
           

 

 

  

We will provide information related to the federal income tax characterization of our 2015 distributions in an IRS Form 1099-DIV, which will be mailed to our stockholders in January 2016.

Registration Statement

We filed a universal registration statement on Form S-3 (File No. 333-194539) with the SEC on March 13, 2014, which the SEC declared effective on April 2, 2014. This universal registration statement permits us to issue up to an aggregate of $300.0 million in securities, consisting of common stock, senior common stock, preferred stock, subscription rights, debt securities and warrants to purchase common stock, including through a combined offering of two or more of such securities. As of March 31, 2015, we have issued 1,223,453 shares of common stock for gross proceeds of $15.0 million under this universal registration statement.

On November 5, 2014, we filed a registration statement on Form S-11 (File No. 333-199896) with the SEC, and on each of April 27 and May 11, 2015, we filed pre-effective amendments to such registration statement, which the SEC declared effective on May 13, 2015. Pursuant to this registration statement, we completed a public offering of 1,250,000 shares of our common stock at a public offering price of $11.40 on May 15, 2015. See Note 9, “Subsequent Events,” for further discussion on this offering.