Quarterly report pursuant to Section 13 or 15(d)

Capital

v3.10.0.1
Capital
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Capital
Capital

The Sub-share Certificates (“Sub-shares”) and the Certificates of Proprietary Interest are freely interchangeable in the ratio of one Certificate of Proprietary Interest for 3,000 Sub-shares or 3,000 Sub-shares for one Certificate of Proprietary Interest.

Dividends

On March 16, 2018, we paid $31.7 million in dividends representing a cash dividend of $1.05 per Sub-share and a special dividend of $3.00 per Sub-share for sub-shareholders of record at the close of business on March 9, 2018.

On March 16, 2017, we paid $10.7 million in dividends representing a cash dividend of $0.35 per Sub-share and a special dividend of $1.00 per Sub-share for sub-shareholders of record at the close of business on March 9, 2017.

Repurchases of Sub-shares

During the six months ended June 30, 2018, we purchased and retired 29,062 Sub-shares. During the six months ended June 30, 2017, we purchased and retired 68,760 Sub-shares.