Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net income (loss) - Basic and diluted

$

69,237

$

(16,456

)

$

89,192

$

(33,578

)

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

199,603

126,567

199,603

126,567

Unvested dividend eligible share based compensation outstanding at the balance sheet date

540

-

540

-

Effect of weighting

(5,002

)

(21,824

)

789

(12,114

)

Weighted average shares-basic and diluted

195,141

104,743

200,932

114,453

Net income (loss) per common share:

Basic and diluted

$

0.35

$

(0.16

)

$

0.44

$

(0.29

)

Anti-dilutive incentive shares not included in calculation

-

263

-

263