Distributions Paid and Payable

9 Months Ended

Sep. 30, 2015

16.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 2015 and 2014:

Month	2015		2014
January	$	0.1834167	$	0.1821667
February	0.1890000		0.1821667
March	0.1890000		0.1821667
April	0.1895000		0.1824792
May	0.1895000		0.1824792
June	0.1895000		0.1824792
July	0.1900000		0.1827917
August	0.1900000		0.1827917
September	0.1900000		0.1827917



Total	$	1.6999167	$	1.6423128

At September 30, 2015, a distribution of $0.1905 per common share was payable and was paid in October 2015.

B.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. During the first nine months of 2014, we paid six monthly dividends to holders of our Class E preferred stock totaling $1.265625 per share, or $11.1 million.

C.Class F Preferred Stock

The Class F preferred stockholders receive cumulative distributions at a rate of 6.625% per annum on the $25.00 per share liquidation preference (equivalent to $1.65625 per annum per share). Dividends of $0.138021 per share are paid monthly in arrears on the Class F preferred stock. During each of the first nine months of 2015 and 2014, we paid nine monthly dividends to holders of our Class F preferred stock totaling $1.242189 per share, or $20.3 million, and at September 30, 2015, a monthly dividend of $0.138021 per share was payable and was paid in October 2015. We are current in our obligations to pay dividends on our Class F preferred stock.