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Distributions Paid and Payable | 12 Months Ended
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Dec. 31, 2017
Distributions Paid and Payable |
Distributions Paid and Payable | 11. 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 2017, 2016 and 2015:
Month |  | 2017 |  | 2016 |  | 2015
January |  | $ | 0.2025000 |  | $ | 0.1910000 |  | $ | 0.1834167
February |  | 0.2105000 |  | 0.1985000 |  | 0.1890000
March |  | 0.2105000 |  | 0.1985000 |  | 0.1890000
April |  | 0.2110000 |  | 0.1990000 |  | 0.1895000
May |  | 0.2110000 |  | 0.1990000 |  | 0.1895000
June |  | 0.2110000 |  | 0.1990000 |  | 0.1895000
July |  | 0.2115000 |  | 0.1995000 |  | 0.1900000
August |  | 0.2115000 |  | 0.1995000 |  | 0.1900000
September |  | 0.2115000 |  | 0.2015000 |  | 0.1900000
October |  | 0.2120000 |  | 0.2020000 |  | 0.1905000
November |  | 0.2120000 |  | 0.2020000 |  | 0.1905000
December |  | 0.2120000 |  | 0.2020000 |  | 0.1905000
Total |  | $ | 2.5270000 |  | $ | 2.3915000 |  | $ | 2.2714167
The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:
|  | 2017 |  | 2016 |  | 2015
Ordinary income |  | $ | 1.9402085 |  | $ | 1.8771975 |  | $ | 1.7307023
Nontaxable distributions |  | 0.5478464 |  | 0.5143025 |  | 0.5407144
Total capital gain distribution |  | 0.0389451 |  | - |  | -
Totals |  | $ | 2.5270000 |  | $ | 2.3915000 |  | $ | 2.2714167
At December 31, 2017, a distribution of $0.2125 per common share was payable and was paid in January 2018. At December 31, 2016, a distribution of $0.2025 per common share was payable and was paid in January 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. For 2017, dividends per share of $0.5073368 were characterized as ordinary income and dividends per share of $0.0079412 were characterized as total capital gain distribution for federal income tax purposes. During 2016 and 2015, we paid twelve monthly dividends to holders of our Class F preferred stock totaling $1.656252 per share, or $27.1 million, which were characterized as ordinary income for federal income tax purposes.

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