Latin American Investments During 2009, the Company acquired a land parcel located in Rio Clara, Brazil through a newly formed consolidated joint venture in which the Company has a 70% controlling ownership interest for a purchase price of 3.3 million Brazilian Reals (approximately USD $1.5 million).
This parcel will be developed into a 48,000 square foot retail shopping center.
Additionally, during 2009, the Company acquired a land parcel located in San Luis Potosi, Mexico, through an unconsolidated joint venture in which the Company has a noncontrolling interest, for an aggregate purchase price of approximately $0.8 million.
The Company recognized equity in income from its unconsolidated Mexican investments in real estate joint ventures of approximately $7.0 million, $17.1 million, and $5.2 million during 2009, 2008 and 2007, respectively.
The Company recognized equity in income from its unconsolidated Chilean investments in real estate joint ventures of approximately $0.4 million, $0.2 and $0.1 million during 2009, 2008 and 2007, respectively.
The Company’s revenues from its consolidated Mexican subsidiaries aggregated approximately $23.4 million, $20.3 million, $8.5 million during 2009, 2008 and 2007, respectively.
The Company’s revenues from its consolidated Brazilian subsidiaries aggregated approximately $1.5 million and $0.4 million during 2009 and 2008, respectively.
The Company’s revenues from its consolidated Chilean subsidiaries aggregated less than $100,000 during 2009 and 2008, respectively.
Mortgages and Other Financing Receivables During 2009, the Company provided financing to five borrowers for an aggregate amount of approximately $8.3 million.
During 2009, the Company received an aggregate of approximately $40.4 million which fully paid down the outstanding balance on four mortgage receivables.
As of December 31, 2009, the Company had 37 loans with total commitments of up to $178.9 million, of which approximately $131.3 million has been funded.
Availability under the Company’s revolving credit facilities are expected to be sufficient to fund these remaining commitments.
(See Note 10 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K. ) Asset Impairments On a continuous basis, management assesses whether there are any indicators, including property operating performance and general market conditions, that the value of the Company’s assets (including any related amortizable intangible assets or liabilities) may be impaired.
To the extent impairment has occurred, the carrying value of the asset would be adjusted to an amount to reflect the estimated fair value of the asset.
During 2009, economic conditions had continued to experience volatility resulting in further declines in the real estate and equity markets.
Year over year increases in capitalization rates, discount rates and vacancies as well as the deterioration of real estate market fundamentals, negatively impacted net operating income and leasing which further contributed to declines in real estate markets in general.
As a result of the volatility and declining market conditions described above, as well as the Company’s strategy in relation to certain of its non-retail assets, the Company recognized non-cash impairment charges during 2009, aggregating approximately $175.1 million, before income tax benefit of approximately $22.5 million and noncontrolling interests of approximately $1.2 million.
Details of these non-cash impairment charges are as follows (in millions):
## Table 0 ##
(See Notes 2, 6, 8, 9, 10 and 11 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K. )
Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 13.
Stockholders’ Equity — (continued) Dividend Restrictions and Payments The certificates of designation for the Series A and B Preferred Stock restrict the declaration of preferred dividends if we fail to meet specified capital adequacy, net income or stockholders’ equity levels.
As of December 31, 2010, we have no preferred dividend restrictions.
On March 30, 2010, June 30, 2010, September 30, 2010 and December 30, 2010, we paid a dividend of $8.2 million, $8.3 million, $8.2 million and $8.3 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.
Dividends were paid to stockholders of record as of March 11, 2010, June 10, 2010, September 9, 2010 and December 9, 2010, respectively.
On March 30, 2009, June 30, 2009, September 30, 2009 and December 30, 2009, we paid a dividend of $8.2 million, $8.3 million, $8.2 million and $8.3 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.
Dividends were paid to stockholders of record as of March 12, 2009, June 11, 2009, September 10, 2009 and December 14, 2009, respectively.
On March 31, 2008, June 30, 2008, September 30, 2008 and December 30, 2008, we paid a dividend of $8.2 million, $8.3 million, $8.2 million and $8.3 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.
Dividends were paid to stockholders of record as of March 13, 2008, June 12, 2008, September 11, 2008 and December 11, 2008, respectively.
Common Stock On December 3, 2010, we paid an annual dividend of $176.2 million, equal to $0.55 per share, to stockholders of record as of November 19, 2010.
On December 4, 2009, we paid an annual dividend of $159.5 million, equal to $0.50 per share, to stockholders of record as of November 13, 2009.
On December 5, 2008, we paid an annual dividend of $116.7 million, equal to $0.45 per share, to stockholders of record as of November 14, 2008.
Reconciliation of Outstanding Shares
## Table 1 ##
On May 11, 2009, we issued 58.2 million shares of common stock at a price of $19.75 per share.
Net proceeds from the issuance were $1,109.1 million.
The proceeds from this offering will be used for general corporate purposes.
During November 2007, our Board of Directors authorized a share repurchase program of up to $500.0 million of our outstanding common stock.
On November 30, 2007, we entered into an accelerated common stock repurchase agreement with a third party investment bank for an aggregate purchase price of $250.0 million.
On this date, we paid $250.0 million and received the initial delivery of 2.9 million common shares, while retaining the right to receive additional common shares over the program’s execution period.
The accelerated common stock repurchase agreement was completed in January 2008, at which time we received 0.9 million additional common shares under this agreement.
In the fourth quarter of 2008, we suspended purchases of the remaining $250.0 million available under the November 2007 authorization.
Our Board of Directors has authorized various repurchase programs under which we are allowed to purchase shares of our outstanding common stock.
Shares repurchased under these programs are accounted for as treasury stock, carried at cost and reflected as a reduction to stockholders’ equity.
Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 19.
Quarterly Results of Operations (Unaudited) The following is a summary of unaudited quarterly results of operations.
## Table 2 ##
(1) During the third quarter of 2009, we discovered a prior period error related to DPAC amortization of certain contracts in our full service accumulation business.
We evaluated the materiality of the error from qualitative and quantitative perspectives and concluded it was not material to any prior periods.
The correction of the error in the third quarter of 2009 could be considered material to the results of operations for the three months ended September 30, 2009, but is not material to the results of operations for any annual period presented.
Accordingly, we made an adjustment in the third quarter of 2009 that resulted in a decrease in DPAC amortization expense.
On an after-tax basis, the adjustment for prior periods resulted in an $18.9 million increase in net income for the three months ended September 30, 2009.
(2) During the second quarter of 2010, we determined our residential mortgage loan portfolio, and in particular our home equity loan portfolio, had experienced an increase in severe delinquencies and loss severity from sustained elevated levels of unemployment along with continued depressed collateral values.
The deterioration resulted in an increase in delinquencies and default costs.
During the second quarter of 2010, we recorded a $41.9 million after-tax residential mortgage loan loss provision for our Bank and Trust Services business.
Of this residential mortgage loan loss provision, $21.4 million after-tax could be attributed to 2009.
We evaluated the qualitative and quantitative factors for materiality.
The adjustment related to prior periods could be considered material to the results of operations for the three months ended June 30, 2010, but was not material to the results of operations for any annual period presented.
The provision for loan loss is reported in net realized capital gains (losses) on our consolidated statements of operations and the adjustment for prior periods resulted in a decrease in net income for the three months ended June 30, 2010.20.
Condensed Consolidating Financial Information Principal Life has established special purpose entities to issue secured medium-term notes.
Under the program, the payment obligations of principal and interest on the notes are secured by funding agreements issued by Principal Life.
Principal Life’s payment obligations on the funding agreements are fully and unconditionally guaranteed by PFG.
All of the outstanding stock of Principal Life is indirectly owned by PFG and PFG is the only guarantor of the payment obligations of the funding agreements.
The following tables set forth condensed consolidating financial information of (i) PFG, (ii) Principal Life, (iii) Principal Financial Services, Inc.  (‘‘PFS’’) and all other direct and indirect subsidiaries of PFG on a combined basis and (iv) the eliminations necessary to arrive at the information for PFG on a consolidated basis as of December 31, 2010 and 2009, and for the years ended December 31, 2010, 2009 and 2008.
In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) PFG’s interest in PFS, (ii) Principal Life’s interest in all direct subsidiaries of Principal Life and (iii) PFS’s interest in Principal Life even though all such subsidiaries meet the requirements to be consolidated under U. S.  GAAP.
Earnings of subsidiaries are, therefore, reflected in the parent’s investment and earnings.
All intercompany balances and transactions, including elimination of the parent’s investment in subsidiaries, between PFG, Principal Life and PFS and all other subsidiaries have been eliminated, as shown in the column ‘‘Eliminations and Other.
’’ These condensed consolidating financial statements should be read in conjunction with the consolidated financial statements.
The financial information
exposures.
We are not relying on said guarantors and are directly evaluating exposure to these investments.
The following table presents our top ten exposures as of December 31, 2010.

<table><tr><td>Impairment of property carrying values</td><td>$50.0</td></tr><tr><td>Real estate under development</td><td>2.1</td></tr><tr><td>Investments in other real estate investments</td><td>49.2</td></tr><tr><td>Marketable securities and other investments</td><td>30.1</td></tr><tr><td>Investments in real estate joint ventures</td><td>43.7</td></tr><tr><td>Total impairment charges</td><td>$175.1</td></tr></table>
<table><tr><td> </td><td> Series A preferred stock</td><td> Series B preferred stock</td><td>Common stock</td></tr><tr><td> </td><td colspan="3">(in millions)</td></tr><tr><td>Outstanding shares at January 1, 2008</td><td>3.0</td><td>10.0</td><td>259.1</td></tr><tr><td>Shares issued</td><td>—</td><td>—</td><td>1.2</td></tr><tr><td>Treasury stock acquired</td><td>—</td><td>—</td><td>-1.0</td></tr><tr><td>Outstanding shares at December 31, 2008</td><td>3.0</td><td>10.0</td><td>259.3</td></tr><tr><td>Shares issued</td><td>—</td><td>—</td><td>60.0</td></tr><tr><td>Treasury stock acquired</td><td>—</td><td>—</td><td>-0.3</td></tr><tr><td>Outstanding shares at December 31, 2009</td><td>3.0</td><td>10.0</td><td>319.0</td></tr><tr><td>Shares issued</td><td>—</td><td>—</td><td>1.5</td></tr><tr><td>Treasury stock acquired</td><td>—</td><td>—</td><td>-0.1</td></tr><tr><td>Outstanding shares at December 31, 2010</td><td> 3.0</td><td> 10.0</td><td>320.4</td></tr></table>
<table><tr><td> </td><td colspan="4"> For the three months ended</td></tr><tr><td> </td><td> December 31</td><td> September 30 -1</td><td> June 30 -2</td><td> March 31</td></tr><tr><td> </td><td colspan="4"><i>(in millions, except per share data)</i> </td></tr><tr><td> 2010</td><td></td><td></td><td></td><td></td></tr><tr><td>Total revenues</td><td>$2,372.5</td><td>$2,288.5</td><td>$2,233.6</td><td>$2,264.0</td></tr><tr><td>Total expenses</td><td>2,108.8</td><td>2,125.0</td><td>2,075.8</td><td>2,007.7</td></tr><tr><td>Net income</td><td>218.1</td><td>151.3</td><td>144.2</td><td>203.6</td></tr><tr><td>Net income available to common stockholders</td><td>199.3</td><td>142.2</td><td>134.0</td><td>190.8</td></tr><tr><td>Basic earnings per common share for net income available to common stockholders</td><td>0.62</td><td>0.44</td><td>0.42</td><td>0.60</td></tr><tr><td>Diluted earnings per common share for net income available to common stockholders</td><td>0.62</td><td>0.44</td><td>0.42</td><td>0.59</td></tr><tr><td> 2009</td><td></td><td></td><td></td><td></td></tr><tr><td>Total revenues</td><td>$2,232.4</td><td>$2,270.3</td><td>$2,157.8</td><td>$2,188.6</td></tr><tr><td>Total expenses</td><td>2,062.9</td><td>2,022.0</td><td>1,959.9</td><td>2,058.5</td></tr><tr><td>Net income</td><td>154.9</td><td>204.2</td><td>164.0</td><td>122.6</td></tr><tr><td>Net income available to common stockholders</td><td>141.9</td><td>184.7</td><td>150.3</td><td>112.8</td></tr><tr><td>Basic earnings per common share for net income available to common stockholders</td><td>0.44</td><td>0.58</td><td>0.52</td><td>0.43</td></tr><tr><td>Diluted earnings per common share for net income available to common stockholders</td><td>0.44</td><td>0.57</td><td>0.52</td><td>0.43</td></tr></table>

Question: as of dec 31 , 2009 , what was the average loan commitment for the company for all of its total loan commitments , in millions>
Answer: 4.83514