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Distributions Paid and Payable | 12 Months Ended
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Dec. 31, 2014
Distributions Paid and Payable |
Distributions Paid and Payable | 12. 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 years:
Month |  | 2014 |  | 2013 |  | 2012 |
January |  | $ | 0.1821667 |  | $ | 0.1517500 |  | $ | 0.1455000 |
February |  | 0.1821667 |  | 0.1809167 |  | 0.1455000 |
March |  | 0.1821667 |  | 0.1809167 |  | 0.1455000 |
April |  | 0.1824792 |  | 0.1812292 |  | 0.1458125 |
May |  | 0.1824792 |  | 0.1812292 |  | 0.1458125 |
June |  | 0.1824792 |  | 0.1812292 |  | 0.1458125 |
July |  | 0.1827917 |  | 0.1815417 |  | 0.1461250 |
August |  | 0.1827917 |  | 0.1815417 |  | 0.1461250 |
September |  | 0.1827917 |  | 0.1815417 |  | 0.1511250 |
October |  | 0.1831042 |  | 0.1818542 |  | 0.1514375 |
November |  | 0.1831042 |  | 0.1818542 |  | 0.1514375 |
December |  | 0.1831042 |  | 0.1818542 |  | 0.1514375 |
Total |  | $ | 2.1916254 |  | $ | 2.1474587 |  | $ | 1.7716250 |
The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:
|  | 2014 |  | 2013 |  | 2012 |
Ordinary income |  | $ | 1.6483522 |  | $ | 1.3153791 |  | $ | 1.3367481 |
Nontaxable distributions |  | 0.5432732 |  | 0.8320796 |  | 0.4348769 |
Totals |  | $ | 2.1916254 |  | $ | 2.1474587 |  | $ | 1.7716250 |
At December 31, 2014, a distribution of $0.1834167 per common share was payable and was paid in January 2015. At December 31, 2013, a distribution of $0.1821667 per common share was payable and was paid in January 2014. B. Class D Preferred Stock Prior to the redemption of the Class D preferred stock in March 2012, dividends of $0.1536459 per share were paid monthly in arrears on the Class D preferred stock. We declared dividends to holders of our Class D preferred stock totaling $2.0 million in 2012. For 2012, dividends paid per share in the amount of $0.3841147 were characterized as ordinary income for federal income tax purposes. C. Class E Preferred Stock Prior to the redemption of the Class E preferred stock in October 2014, dividends of $0.140625 per share were paid monthly in arrears on the Class E preferred stock. We paid distributions to holders of our Class E preferred stock totaling $12.7 million in 2014, and $14.9 million in 2013 and 2012. For 2014, dividends paid per share in the amount of $1.4484375 were characterized as ordinary income for federal income tax purposes, while in 2013 and 2012, dividends paid per share in the amount of $1.6875 were characterized as ordinary income for federal income tax purposes. D. Class F Preferred Stock Dividends of $0.138021 per share are paid monthly in arrears on the Class F preferred stock. We declared dividends to holders of our Class F preferred stock totaling $27.1 million in 2014 and 2013 and $22.6 million in 2012. For 2014 and 2013, dividends paid per share of $1.656252 were characterized as ordinary income for federal income tax purposes. In 2012, dividends paid per share of $1.4124147 were characterized as ordinary income for federal income tax purposes. At December 31, 2014, a monthly dividend of $0.138021 per share was payable and was paid in January 2015. We are current in our obligations to pay dividends on our Class F preferred stock.

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