| Summary of Changes in Stockholders' Equity |
The following table
summarizes the changes in our stockholders’ equity for the
six months ended June 30, 2013:
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Common
Stock |
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Total |
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Number |
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Additional |
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Retained |
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Stockholders’ |
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of
Shares |
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Par Value |
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Paid-in Capital |
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Earnings |
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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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77,872 |
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77,872 |
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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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51,326,262 |
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— |
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51,330,042 |
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Distributions
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— |
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— |
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— |
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(2,873,316 |
) |
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(2,873,316 |
) |
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Balance at June 30,
2013
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6,530,264 |
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$ |
6,530 |
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$ |
51,326,262 |
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$ |
5,338,532 |
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$ |
56,671,324 |
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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 six months ended June 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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Total: |
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$ |
0.44 |
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