Distributions Paid and Payable

9 Months Ended

Sep. 30, 2017

Distributions Paid and Payable

Distributions Paid and Payable

15.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 the first nine months of 2017 and 2016:

Month	2017		2016
January	$	0.2025000	$	0.1910000
February	0.2105000		0.1985000
March	0.2105000		0.1985000
April	0.2110000		0.1990000
May	0.2110000		0.1990000
June	0.2110000		0.1990000
July	0.2115000		0.1995000
August	0.2115000		0.1995000
September	0.2115000		0.2015000
Total	$	1.8910000	$	1.7855000

At September 30, 2017, a distribution of $0.212 per common share was payable and was paid in October 2017.

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. During the first nine months of 2016, we paid nine monthly dividends to holders of our Class F preferred stock totaling $1.242189 per share, or $20.3 million.