| SUPPLEMENTAL CASH FLOW INFORMATION |
NOTE 4 - SUPPLEMENTAL CASH FLOW INFORMATION Supplemental disclosure of cash flow information (in thousands): | | | | | | | | | | | | | | Years Ended December 31, | | 2015 | | 2014 | | 2013 | Non-cash operating activities include the following: | | | | | | Reclassification of linked transactions, net at fair value to investment securities available-for-sale, pledged as collateral, at fair value and borrowings (1) | $ | 15,367 |
| | $ | — |
| | $ | — |
| | | | | | | Non-cash investing activities include the following: | | | | | | Reclassification of linked transactions, net at fair value to investment securities available-for-sale, pledged as collateral, at fair value (1) | $ | 48,764 |
| | $ | — |
| | $ | — |
| Assumption of direct financing leases and other assets (2) | $ | — |
| | $ | 2,385 |
| | $ | — |
| | | | | | | Non-cash financing activities include the following: | |
| | |
| | | Distributions on common stock accrued but not paid | $ | 13,274 |
| | $ | 26,563 |
| | $ | 25,536 |
| Distribution on preferred stock accrued but not paid | $ | 4,077 |
| | $ | 6,044 |
| | $ | 2,159 |
| Contribution of security deposits and other liabilities (2) | $ | — |
| | $ | 457 |
| | $ | — |
| Reclassification of linked transactions, net at fair value to borrowings(1) | $ | 33,397 |
| | $ | — |
| | $ | — |
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| | (1) | As a result of an accounting standards update adopted on January 1, 2015 (see Note 2), the Company unlinked its previously linked transactions, resulting in non-cash increases in both its investment securities available-for-sale, pledged as collateral, at fair value and related repurchase agreements borrowings balances. |
| | (2) | On December 31, 2014, the Company assumed direct financing leases and related assets and liabilities in satisfaction of a loan receivable from a related party. |
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