The number of shares outstanding times the NAV must equal the debt outstanding; or debt outstanding divided by number of shares equals required NAV. $357 Million divided by 71.5M shares equals $4.99. Since any dividend reduces the NAV that must be allowed for as well. So to pay one divided of $0.125 requires an NAV of $4.99 + $0.125 = $5.12. So, as soon as they finish with ARPS redemptions next week, we are there for one divy and they could announce another, perhaps.