16. Distributions Paid and Payable

A. Common Stock

We pay monthly dividends to our common stockholders. The following is a summary of the monthly dividends paid per common share for the first nine months of 2013 and 2012:

Month	2013		2012
January	$	0.1517500	$	0.1455000
February	0.1809167		0.1455000
March	0.1809167		0.1455000
April	0.1812292		0.1458125
May	0.1812292		0.1458125
June	0.1812292		0.1458125
July	0.1815417		0.1461250
August	0.1815417		0.1461250
September	0.1815417		0.1511250

Total	$	1.6018961	$	1.3173125

At September 30, 2013, a distribution of $0.1818542 per common share was payable and was paid in October 2013.

B. Preferred Stock

In March 2012, we redeemed all of our 5.1 million shares of 7.375% Monthly Income Class D Cumulative Redeemable Preferred Stock, which were issued in 2004. During the first three months of 2012, we paid dividends to holders of our Class D preferred stock totaling $0.3841147 per share, or $2.0 million.

In 2006, we issued 8.8 million shares of our 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock for $25.00 per share. As of December 7, 2011, the Class E preferred shares were redeemable, at our option, for $25.00 per share. During each of the first nine months of 2013 and 2012, we paid nine monthly dividends to holders of our Class E preferred stock totaling $1.265625 per share, or $11.1 million, and at September 30, 2013, a monthly dividend of $0.140625 per share was payable and was paid in October 2013.

In February 2012, we issued 14.95 million shares of 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock at a price of $25.00 per share. In April 2012, we issued an additional 1.4 million shares of our Class F preferred stock at a price of $25.2863 per share. Beginning February 15, 2017, shares of our Class F preferred shares are redeemable, at our option, for $25.00 per share, plus any accrued and unpaid dividends. During the first nine months of 2013, we paid nine monthly dividends to holders of our Class F preferred stock totaling $1.242189 per share, or $20.3 million, and during the first nine months of 2012, we paid seven monthly dividends to holders of our Class F preferred stock totaling $.9983517, or $15.9 million. The initial March 2012 dividend on our Class F preferred stock covered 37 days. At September 30, 2013, a monthly dividend of $0.138021 per share was payable and was paid in October 2013.

We are current in our obligations to pay dividends on our Class E and Class F preferred stock.

C. Tau Operating Partnership Common Units

As part of our acquisition of ARCT, we issued 317,022 common partnership units of Tau Operating Partnership. These common units are entitled to monthly distributions equivalent to the per common share amounts paid to the common stockholders of Realty Income. For the first nine months of 2013, we paid eight monthly distributions to holders of these common units totaling $1.4501461 per unit, or $460,000, and at September 30, 2013, a monthly distribution of $0.1818542 per common unit was payable and was paid in October 2013.

D. Realty Income, L.P. units

In June 2013, we issued 534,546 common partnership units of Realty Income, L.P. These common units are entitled to monthly distributions equivalent to the per common share amount paid to the common stockholders of Realty Income. For the first nine months of 2013, we paid three monthly distributions to holders of these common units totaling $0.5446251 per unit, or $291,000, and at September 30, 2013, a monthly distribution of $0.1818542 per common unit was payable and was paid in October 2013.