They cut in half the manager's fee, effective 11/2012 (1.5% > .75%) and remain until all filings are up to date.   Also if the managers fail in any way to follow REIT regualtions,  they can be fired without any severance.  Additionally the managers agreed to pay the audit committee for any expenses .....

 

They also stated that the $0.09 quarterly dividend will be paid for Q1 and Q2 2013.

 

I'm still reading, but I thought it interesting how they are hanging the managers out to dry.  It isn't clear to me if they will get any past payments from the managers for the audit committee.  It is clear that the managers will have less money.