Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Schedule of Dividends Paid to Manager

Since January 1, 2017, the Company paid the Manager cash dividends on shares held for the following periods:

Declared	Period Covered	$ per Share		Record Date	Payable Date	Cash Paid to Manager (in millions)
February 14, 2020	Fourth quarter 2019	$	1.00	March 6, 2020	March 11, 2020	(1)
October 29, 2019	Third quarter 2019	1.00		November 11, 2019	November 14, 2019	$	13
July 30, 2019	Second quarter 2019	1.00		August 12, 2019	August 15, 2019	13
April 29, 2019	First quarter 2019	1.00		May 13, 2019	May 16, 2019	13
February 14, 2019	Fourth quarter 2018	1.00		March 4, 2019	March 7, 2019	13
October 30, 2018	Third quarter 2018	1.00		November 12, 2018	November 15, 2018	12
July 31, 2018	Second quarter 2018	1.00		August 13, 2018	August 16, 2018	11
May 1, 2018	First quarter 2018	1.00		May 14, 2018	May 17, 2018	6
February 19, 2018	Fourth quarter 2017	1.44		March 5, 2018	March 8, 2018	8
October 30, 2017	Third quarter 2017	1.42		November 13, 2017	November 16, 2017	7
August 1, 2017	Second quarter 2017	1.38		August 14, 2017	August 17, 2017	7
May 2, 2017	First quarter 2017	1.32		May 15, 2017	May 18, 2017	6
February 17, 2017	Fourth quarter 2016	1.31		March 3, 2017	March 8, 2017	6

_____________

(1)

The amount of dividend payable to the Manager for the fourth quarter of 2019 will be determined on March 6, 2020, the record date.

Schedule of Base Management Fees and Performance Fees

The following table shows the Manager’s reinvestment of its base management fees and performance fees, if any, in shares:

Period	Base Management Fee Amount ($ in millions)		Performance Fee Amount ($ in millions)		Shares Issued
2019 Activities:
Fourth quarter 2019	$	9	$	—	208,881	(1)
Third quarter 2019	8			—	201,827
Second quarter 2019	7			—	192,103
First quarter 2019	8			—	184,448
2018 Activities:
Fourth quarter 2018	$	9	$	—	220,208
Third quarter 2018	12			—	269,286
Second quarter 2018	11			—	277,053
First quarter 2018	13			—	265,002
2017 Activities:
Fourth quarter 2017	$	17	$	—	248,162
Third quarter 2017	18			—	240,674
Second quarter 2017	18			—	233,394
First quarter 2017	18			—	232,398

_____________

(1)

The Manager elected to reinvest all of the monthly base management fees for the fourth quarter of 2019 in new primary shares. The Company issued 208,881 shares for the quarter ended December 31, 2019, including 70,954 shares that were issued in January 2020 for the December 2019 monthly base management fee.