Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

The table below reflects the number of shares repurchased and the average price per share (retroactively adjusted for the Stock Dividends), under the SRP and does not include any repurchases under tender offers (see above), cumulatively through December 31, 2021:


	Number of Shares Repurchased	Average Price per Share
Cumulative repurchases as of December 31, 2020	4,896,620	$	20.60
Year ended December 31, 2021	—	—
Cumulative repurchases as of December 31, 2021	4,896,620	20.60

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, 2020 and 2019. All common dividends in the year ended December 31, 2021, and a portion of common dividends issued in the year ended December 31, 2020, were issued as stock dividends, which do not represent taxable dividends to our shareholders for U.S. federal income tax purposes. All dividends paid on the Series A Preferred Stock were considered 100% return of capital for tax purposes for the years ended December 31, 2021 and 2020. There were no dividends paid on the Series B Preferred Stock, as the first dividend payment was made in January, 2022.


		Year Ended December 31,
	2020			2019
Return of capital (1)		100	%	$	0.42	100	%	$	0.83
Capital gain dividend income		—	%	—		—	%	—
Ordinary dividend income		—	%	—		—	%	—
Total		100.0	%	$	0.42	100.0	%	$	0.83

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(1) Amount for December 31, 2020 represents actual cash distributions paid to common shareholders during the year ended 2020, but excludes the stock dividends which do not represent taxable dividends to the Company’s shareholders for U.S. federal income tax purposes.