Shareholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Common Share Awards:

On May 19, 2020, in accordance with our Trustee compensation arrangements, we awarded to each of our six Trustees 10,000 of our common shares, valued at $2.94 per share, the closing price of our common shares on Nasdaq on that day.

Common Share Purchases:

During the six months ended June 30, 2020, we purchased our common shares from certain former officers and employees of RMR LLC in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares, valued at the closing price of our common shares on Nasdaq on the purchase dates, as follows:



Date Purchased	Number of Shares	Price per Share
1/9/2020	1,938	$	8.10
3/13/2020	1,500	$	3.79
6/30/2020	1,757	$	4.43

Distributions:

During the six months ended June 30, 2020, we declared and paid quarterly distributions to common shareholders as follows:



Record Date	Payment Date	Distribution Per Share		Total Distributions
January 27, 2020	February 20, 2020	$	0.15	$	35,684
April 13, 2020	May 21, 2020	$	0.01	$	2,379

As described in Note 10, pursuant to the Transaction Agreement, on January 1, 2020, Five Star issued an aggregate of 16,118,849 of its common shares, with a value of $59,801, to our shareholders of record as of December 13, 2019. We recorded this issuance as a non-cash distribution in our condensed consolidated financial statements.

On July 16, 2020, we declared a quarterly distribution payable to our common shareholders of record on July 27, 2020 in the amount of $0.01 per share, or approximately $2,380. We expect to pay this distribution on or about August 20, 2020.