no more dilution

Anyone catch the end of McCrady's letter to shareholders in the 2013 Annual Report released today?

"The execution of our strategy in 2013 has resulted in a
strong balance sheet, providing substantial funding capability
and flexibility to continue our growth trajectory. We anticipate that our growth in 2014 and into 2015 will be funded from our current cash reserves, cash flows from operations, debt and proceeds from asset sales. This balanced funding position is an important milestone that the Company has reached where we do not require additional equity capital for our next leg of growth, providing the potential to generate significant increases in net asset value per share."

I haven't minded the dilution, as it's delivered growth well in excess of the dilution, but I don't mind the end of that dilution either!