DISTRIBUTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Distributions

SUMMARY OF PAYMENT OF DISTRIBUTIONS TO SHAREHOLDERS

The following cash distributions, including dividends reinvested, were paid to common shareholders during the three years ended December 31, 2021, 2020 and 2019 (in thousands):

	2021				2020				2019
Quarter Ended	Amount		Per Share		Amount		Per Share		Amount		Per Share
March 31	$	8,048	$	0.19	$	7,417	$	0.18	$	6,980	$	0.18
June 30		8,629		0.19		7,417		0.18		7,159		0.18
September 30		9,016		0.19		7,454		0.18		7,322		0.18
December 31		9,327		0.19		7,520		0.18		7,364		0.18
	$	35,020	$	0.76	$	29,808	$	0.72	$	28,825	$	0.72

SUMMARY OF PAYMENT OF DIVIDENDS TO PREFERRED SHAREHOLDERS

The following dividends were paid to holders of our Series B Preferred Stock during the years ended December 31, 2020 and 2019:

  

Declaration Date	Record Date	Payment Date	Dividend		Dividend per Share
1/15/2020	2/18/2020	3/16/2020	$	1,900,600	$	0.50
4/2/2020	5/15/2020	6/15/2020		1,900,335		0.50
7/1/2020	8/17/2020	9/15/2020		1,900,335		0.50
9/11/2020	9/11/2020	10/20/2020		1,034,541		0.2722
			$	6,735,811	$	1.7722
1/15/2019	2/15/2019	3/15/2019	$	1,900,600	$	0.50
4/1/2019	5/15/2019	6/17/2019		1,900,600		0.50
7/1/2019	8/15/2019	9/16/2019		1,900,600		0.50
10/1/2019	11/15/2019	12/16/2019		1,900,600		0.50
			$	7,602,400	$	2.00

The following dividends were paid to holders of our Series C Preferred Stock during the years ended December 31, 2021, 2020 and 2019:

Declaration Date	Record Date	Payment Date	Dividend		Dividend per Share
1/15/2021	2/16/2021	3/15/2021	$	4,169,813	$	0.421875
4/1/2021	5/17/2021	6/15/2021		4,169,813		0.421875
7/1/2021	8/15/2021	9/15/2021		4,169,813		0.421875
10/1/2021	11/15/2021	12/15/2021		4,169,813		0.421875
			$	16,679,252	$	1.68750
1/15/2020	2/18/2020	3/16/2020	$	4,113,281	$	0.421875
4/2/2020	5/15/2020	6/15/2020		4,113,281		0.421875
7/1/2020	8/17/2020	9/15/2020		4,127,330		0.421875
10/1/2020	11/16/2020	12/15/2020		4,169,813		0.421875
			$	16,523,705	$	1.68750
1/15/2019	2/15/2019	3/15/2019	$	2,425,781	$	0.421875
4/1/2019	5/15/2019	6/17/2019		4,113,281		0.421875
7/1/2019	8/15/2019	9/16/2019		4,113,281		0.421875
10/1/2019	11/15/2019	12/16/2019		4,113,281		0.421875
			$	14,765,624	$	1.68750

On January 12, 2022, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from December 1, 2021 through February 28, 2022, on the Company’s Series C Preferred Stock payable March 15, 2022 to shareholders of record as of the close of business on February 15, 2022.

The following dividends were paid to holders of our Series D Preferred Stock during the years ended December 31, 2021, 2020 and 2019:

Declaration Date	Record Date	Payment Date	Dividend		Dividend per Share
1/15/2021	2/16/2021	3/15/2021	$	2,869,321	$	0.3984375
4/1/2021	5/17/2021	6/15/2021		3,430,045		0.3984375
7/1/2021	8/15/2021	9/15/2021		3,430,045		0.3984375
10/1/2021	11/15/2021	12/15/2021		3,430,045		0.3984375
			$	13,159,456	$	1.59375
1/15/2020	2/18/2020	3/16/2020	$	2,076,126	$	0.3984375
4/2/2020	5/15/2020	6/15/2020		2,076,126		0.3984375
7/1/2020	8/17/2020	9/15/2020		2,081,704		0.3984375
10/1/2020	11/16/2020	12/15/2020		2,449,415		0.3984375
			$	8,683,371	$	1.59375
1/15/2019	2/15/2019	3/15/2019	$	796,876	$	0.3984375
4/1/2019	5/15/2019	6/17/2019		796,876		0.3984375
7/1/2019	8/15/2019	9/16/2019		796,876		0.3984375
10/1/2019	11/15/2019	12/16/2019		950,760		0.3984375
			$	3,341,388	$	1.59375