Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

The following table reflects the number of shares repurchased cumulatively through December 31, 2019:



	Number of Shares Repurchased	Average Price per Share
Cumulative repurchases as of December 31, 2018 ⁽¹⁾	3,288,256	$	21.56
Year ended December 31, 2019⁽²⁾	1,103,263	19.14
Cumulative repurchases as of December 31, 2019⁽³⁾	4,391,519	20.95

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⁽¹⁾ Repurchases made in 2018 include: (i) 373,967shares repurchased during January 2018 with respect to requests received following the death or qualifying disability of stockholders during the six months ended December 31, 2017 for approximately $8.0 million at a weighted average price per share of $21.45, and (ii) 155,904 shares that were repurchased for $3.2 million at an average price per share of $20.25 on July 31, 2018, representing 100% of the repurchase requests made following the death or qualifying disability of stockholders during the period from January 1, 2018 through the suspension of the SRP on March 13, 2018. No repurchase requests received during the SRP suspension were accepted.

⁽²⁾ Repurchases are currently consummated using the most recently published Estimated Per-Share NAV. 2019 activity includes 656,433 common shares repurchased on April 30, 2019 with respect to repurchase requests made in good order following the death or qualifying disability of stockholders during the period commencing March 13, 2018 up to and including December 31, 2018 for $13.3 million at an average price per share of $20.25 and repurchases of 446,830 shares of common stock repurchased for $7.8 million at an average price per share of $17.50 on October 30, 2019 with respect to repurchase requests made in good order following the death or qualifying disability of stockholders during the period commencing January 1, 2019 up to and including June 30, 2019.

⁽³⁾ Excludes 505,101 shares of common stock repurchased on February 26, 2020 with respect to requests received during the period commencing July 1, 2019 up to and including December 31, 2019 for $8.8 million at an average price per share of $17.50, including all shares submitted for death or disability (see Note 18 — Subsequent Events).

Dividends Declared

The following table details from a tax perspective the portion of distributions classified as a return of capital, capital gain dividend income and ordinary dividend income, per share per annum, for the years ended December 31, 2019, 2018 and 2017:



	Year Ended December 31,
	2019				2018				2017
Return of capital	100.0	%	$	0.85	100	%	$	0.95	99.7	%	$	1.50
Capital gain dividend income	—	%	—		—	%	—		0.3	%	0.01
Ordinary dividend income	—	%	—		—	%	—		—	%	—
Total	100.0	%	$	0.85	100.0	%	$	0.95	100.0	%	$	1.51