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Shareholders' Equity
 3 Months Ended
Mar. 31, 2015
Shareholders' Equity  
Shareholders' Equity

Note 5.  Shareholders’ Equity

 

Common Share Issuances

 

During the three months ended March 31, 2015 and the period April 1, 2015 to May 6, 2015, we issued 31,011 and 10,716, respectively, of our common shares to RMR as part of the business management fees payable by us under our business management agreement. See Note 10 for further information regarding this agreement.

 

Distributions

 

On each of January 15, 2015 and April 15, 2015, we paid a $0.4453 per share distribution, or $5,166, to our Series D preferred shareholders.

 

On February 24, 2015, we paid a $0.49 per share distribution, or $73,466, to our common shareholders. On April 13, 2015, we declared a $0.50 per share distribution, or $74,981, to our common shareholders of record on April 24, 2015.  We expect to pay this amount on or about May 21, 2015.

 

Other Comprehensive Income (loss)

 

Other comprehensive income (loss) represents the unrealized gain (loss) on the TravelCenters of America LLC, or TA, shares we own and our share of the comprehensive income of Affiliates Insurance Company, or AIC. See Note 10 for further information regarding these investments.