Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

Related Party Transactions [Abstract]

Schedule of Dividends Paid to Manager

Since January 1, 2019, 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	$	13
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

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
2020 Activities:
First quarter 2020	$	7	$	—	181,617	(1)
2019 Activities:
Fourth quarter 2019	$	9	$	—	208,881
Third quarter 2019	8		—		201,827
Second quarter 2019	7		—		192,103
First quarter 2019	8		—		184,448

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(1)

The Manager elected to reinvest all of the monthly base management fees for the first quarter of 2020 in new primary shares. The Company issued 181,617 shares for the quarter ended March 31, 2020, including 39,206 shares that were issued in April 2020 for the March 2020 monthly base management fee.