Distributions Paid and Payable

3 Months Ended

Mar. 31, 2017

15. 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 2017 and 2016:

Month	2017		2016
January	$	0.2025	$	0.1910
February	0.2105		0.1985
March	0.2105		0.1985


Total	$	0.6235	$	0.5880

At March 31, 2017, a distribution of $0.211 per common share was payable and was paid in April 2017.

B.Class F Preferred Stock

Prior to the notice of redemption of the Class F preferred stock in March 2017, dividends of $0.101215 per share were paid monthly in arrears on the Class F preferred stock. During each of the first three months of 2017 and 2016, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $3.9 million, and $6.8 million, respectively, and at March 31, 2017, a final monthly dividend of $0.101215 per share was payable and was paid in April 2017. As discussed in note 9, during April 2017 we redeemed all 16,350,000 shares for $25 per share, plus accrued dividends. Dividends that accrued subsequent to the March 2017 notice of redemption date for the Class F preferred stock were recorded to interest expense.