XML 31 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Distributions Paid and Payable
 6 Months Ended
Jun. 30, 2017
Distributions Paid and Payable  
Distributions Paid and Payable

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 six months of 2017 and 2016:

 

Month
2017
2016

January

$
0.2025000

$
0.1910000

February
0.2105000
0.1985000

March
0.2105000
0.1985000

April
0.2110000
0.1990000

May
0.2110000
0.1990000

June
0.2110000
0.1990000

 

 

 

 

 

 

 

 

 

Total

$
1.2565000

$
1.1850000

 

 

 

 

 

 

At June 30, 2017, a distribution of $0.2115 per common share was payable and was paid in July 2017.

 

B.        Class F Preferred Stock

In April 2017, we redeemed all 16,350,000 shares of our Class F preferred stock. During the first three months of 2017, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $3.9 million. In April 2017, we paid a final monthly dividend of $0.101215 per share, or $1.7 million, which was recorded as interest expense. During the first six months of 2016, we paid six monthly dividends to holders of our Class F preferred stock totaling $0.828126 per share, or $13.5 million.