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Distributions Paid and Payable

3 Months Ended

Mar. 31, 2016

Distributions Paid and Payable

Distributions Paid and Payable

13. 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 three months of 2016 and 2015:

Month		2016			2015
January	$	0.1910000		$	0.1834167
February		0.1985000			0.1890000
March		0.1985000			0.1890000
Total	$	0.5880000		$	0.5614167

At March 31, 2016, a distribution of $0.199 per common share was payable and was paid in April 2016.

B. Class F Preferred Stock

Dividends of $0.138021 per share are paid monthly in arrears on the Class F preferred stock.  During each of the first three months of 2016 and 2015, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $6.8 million, and at March 31, 2016, a monthly dividend of $0.138021 per share was payable and was paid in April 2016.  We are current in our obligations to pay dividends on our Class F preferred stock.

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