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Redemption of Preferred Stock | 12 Months Ended
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Dec. 31, 2015
Redemption of Preferred Stock |
Redemption of Preferred Stock | 9. Redemption of Preferred Stock In September 2014, we issued an irrevocable notice of redemption for all 8.8 million shares of our 6.75% Monthly Income Class E Preferred Stock for $25 per share, plus accrued dividends. The redemption occurred in October 2014. We incurred a charge of $6.0 million, representing the Class E preferred stock original issuance costs that we paid in 2006.

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