Distributions Paid and Payable

A. Common Stock

We pay monthly distributions to our common stockholders. The following is a summary of monthly distributions paid per common share for 2018, 2017 and 2016:



Month	2018		2017		2016
January	$	0.2125	$	0.2025	$	0.1910
February	0.2190		0.2105		0.1985
March	0.2190		0.2105		0.1985
April	0.2195		0.2110		0.1990
May	0.2195		0.2110		0.1990
June	0.2195		0.2110		0.1990
July	0.2200		0.2115		0.1995
August	0.2200		0.2115		0.1995
September	0.2200		0.2115		0.2015
October	0.2205		0.2120		0.2020
November	0.2205		0.2120		0.2020
December	0.2205		0.2120		0.2020
Total	$	2.6305	$	2.5270	$	2.3915

The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:



	2018		2017		2016
Ordinary income	$	2.0269173	$	1.9402085	$	1.8771975
Nontaxable distributions	0.6035827		0.5478464		0.5143025
Total capital gain distribution	—		0.0389451		—
Totals	$	2.6305000	$	2.5270000	$	2.3915000

At December 31, 2018, a distribution of $0.2210 per common share was payable and was paid in January 2019. At December 31, 2017, a distribution of $0.2125 per common share was payable and was paid in January 2018.

B. Class F Preferred Stock

In April 2017, we redeemed all 16,350,000 shares of our Class F preferred stock. During the first three months of 2017, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $3.9 million. In April 2017, we paid a final monthly dividend of $0.101215 per share, or $1.7 million, which was recorded as interest expense. For 2017, dividends per share of $0.5073368 were characterized as ordinary income and dividends per share of $0.0079412 were characterized as total capital gain distribution for federal income tax purposes. During 2016, we paid twelve monthly dividends to holders of our Class F preferred stock totaling $1.656252 per share, or $27.1 million, which were characterized as ordinary income for federal income tax purposes.