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Subsequent Events
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3 Months Ended |
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Mar. 31, 2014
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| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS
The Company performed an evaluation of subsequent events through the date of the issuance of these financial statements and determined that no additional items require recognition or disclosure, except for the following:
On April 30, 2014, the Company's Board of Directors declared the first quarter 2014 distribution of $0.129 per share. The distribution is payable on May 22, 2014 to shareholders of record on May 14, 2014. This reflected the Board's decision to increase our quarterly distribution from $.125 to $.13 per share, prorated for the first quarter following the closing of the Portland Terminal Facility acquisition on January 21, 2014, in consideration of the additional lease income available to support distributions following such acquisition.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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