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Distributions Paid and Payable | 12 Months Ended
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Dec. 31, 2015
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 2015 and 2014:
Month |  | 2015 |  | 2014 |  | 2013 |
January |  | $ | 0.1834167 |  | $ | 0.1821667 |  | $ | 0.1517500 |
February |  | 0.1890000 |  | 0.1821667 |  | 0.1809167 |
March |  | 0.1890000 |  | 0.1821667 |  | 0.1809167 |
April |  | 0.1895000 |  | 0.1824792 |  | 0.1812292 |
May |  | 0.1895000 |  | 0.1824792 |  | 0.1812292 |
June |  | 0.1895000 |  | 0.1824792 |  | 0.1812292 |
July |  | 0.1900000 |  | 0.1827917 |  | 0.1815417 |
August |  | 0.1900000 |  | 0.1827917 |  | 0.1815417 |
September |  | 0.1900000 |  | 0.1827917 |  | 0.1815417 |
October |  | 0.1905000 |  | 0.1831042 |  | 0.1818542 |
November |  | 0.1905000 |  | 0.1831042 |  | 0.1818542 |
December |  | 0.1905000 |  | 0.1831042 |  | 0.1818542 |
Total |  | $ | 2.2714167 |  | $ | 2.1916254 |  | $ | 2.1474587 |
The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:
|  | 2015 |  | 2014 |  | 2013 |
Ordinary income |  | $ | 1.7307023 |  | $ | 1.6483522 |  | $ | 1.3153791 |
Nontaxable distributions |  | 0.5407144 |  | 0.5432732 |  | 0.8320796 |
Totals |  | $ | 2.2714167 |  | $ | 2.1916254 |  | $ | 2.1474587 |
At December 31, 2015, a distribution of $0.191 per common share was payable and was paid in January 2016. At December 31, 2014, a distribution of $0.1834167 per common share was payable and was paid in January 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. We paid distributions to holders of our Class E preferred stock totaling $12.7 million in 2014 and $14.9 million in 2013. 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, dividends paid per share in the amount of $1.6875 were characterized as ordinary income for federal income tax purposes. C. 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 2015, 2014 and 2013. For 2015, 2014 and 2013, dividends paid per share of $1.656252 were characterized as ordinary income for federal income tax purposes. At December 31, 2015, a monthly dividend of $0.138021 per share was payable and was paid in January 2016. We are current in our obligations to pay dividends on our Class F preferred stock.

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