Distributions Paid and Payable

12 Months Ended

Dec. 31, 2023

We pay monthly distributions to our common stockholders. The following is a summary of monthly distributions paid per common share for the periods indicated below:



	2023		2022		2021
January	$	0.2485	$	0.2465	$	0.2345
February	0.2485		0.2465		0.2345
March	0.2545		0.2465		0.2345
April	0.2550		0.2470		0.2350
May	0.2550		0.2470		0.2350
June	0.2550		0.2470		0.2350
July	0.2555		0.2475		0.2355
August	0.2555		0.2475		0.2355
September	0.2555		0.2475		0.2355
October	0.2560		0.2480		0.2360
November	0.2560		0.2480		0.2360
December	0.2560		0.2480		0.2460
Total	$	3.0510	$	2.9670	$	2.8330

At December 31, 2023, a distribution of $0.2565 per common share was payable and was paid in January 2024. At December 31, 2022, a distribution of $0.2485 per common share was payable and was paid in January 2023.

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


	2023		2022		2021
Ordinary income	$	2.8434500	$	2.7867654	$	1.5146899
Nontaxable distributions	0.2075500		—		3.2925615
Total capital gain distribution	—		0.1802346		0.0854609
Totals (1)	$	3.0510000	$	2.9670000	$	4.8927123

(1) The amount distributed in 2021 includes the $2.060 tax distribution of Orion shares, that occurred in conjunction with the Orion Divestiture on November 12, 2021, after our merger with VEREIT on November 1, 2021. The fair market value of these shares for tax distribution was determined to be $20.6272 per share, which was calculated using the five-day volume weighted average share price after issuance.