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Preferred Shares (Tables) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Summary of preferred shares issued and outstanding | The following table summarizes our preferred shares issued and outstanding as of September 30, 2021:
|  | Series B |  | Series D
Issuance Date |  | November 10, 2014 |  | August 3, 2021
Securities issued |  | 750 Preferred shares; represented by 750,000 depositary shares |  | 1,600 Preferred shares; represented by 1,600,000 depositary shares
Dividend rate per annum |  | 5.20% through November 14, 2019; 3-month LIBOR plus 3.428% thereafter |  | 3.55% through September 14, 2026; resets September 15, 2026 and every subsequent 5-year anniversary at 5-year Treasury rate plus 2.854%
Dividend payment date |  | Semi-annual beginning May 15, 2015 and, quarterly beginning February 15, 2020 |  | Quarterly beginning September 15, 2021
Earliest redemption date |  | November 15, 2019 |  | September 15, 2026
Aggregate liquidation preference |  | $750 million |  | $1,600 million
Carrying value (a) |  | $742 million |  | $1,584 million
(a)Carrying value, presented in the Statements of Shareholders' Equity, represents the issuance proceeds, net of underwriting fees and offering costs.

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