XML 196 R57.htm IDEA: XBRL DOCUMENT v3.20.1
SHAREHOLDERS' EQUITY AND PARTNERS' CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Dividends Declared and Paid for Income Tax Purposes

The allocations of dividends declared and paid for income tax purposes are as follows:

 

 

 

Year Ended December 31,

 

 

2019

 

 

2018

 

 

 

2017

 

 

Dividends declared:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

$

0.15

 

 

$

0.80

 

(1)

 

$

0.98

 

(2)

Series D preferred stock

 

$

13.83

 

 

$

18.44

 

 

 

$

18.44

 

 

Series E preferred stock

 

$

12.42

 

 

$

16.56

 

 

 

$

16.56

 

 

Allocations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ordinary income

 

 

—

%

 

 

82.83

%

 

 

 

85.37

%

 

Capital gains 25% rate

 

 

—

%

 

 

—

%

 

 

 

—

%

 

Return of capital

 

 

100.00

%

 

 

17.17

%

 

 

 

14.63

%

 

Total

 

 

100.00

%

 

 

100.00

%

 

 

 

100.00

%

 

Preferred stock (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ordinary income

 

 

—

%

 

 

100.00

%

 

 

 

100.00

%

 

Capital gains 25% rate

 

 

—

%

 

 

—

%

 

 

 

—

%

 

Return of capital

 

 

100

%

 

 

—

%

 

 

 

—

%

 

Total

 

 

100.00

%

 

 

100.00

%

 

 

 

100.00

%

 

 

(1)

Of the $ 0.075 per share dividend declared on October 29, 2018 and paid January 16, 2019, $0.075 was reported and is taxable in 2019.

 

(2)

Of the $0.200 per share dividend declared on November 2, 2017 and paid January 16, 2018, $ 0.200 was reported and is taxable in 2018.

 

( 3 )

The allocations for income tax purposes are the same for each series of preferred stock for each period presented.