Other Equity Matters (Table)

3 Months Ended

Mar. 31, 2020

The following table summarizes the Company's preferred share issuances (the "Series"):



Preferred Share Offering	Issuance	Liquidation Preference (in thousands)		# of Shares⁽¹⁾
Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A")	March 2019	$	86,250	3,450,000
Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B")	June 2019	143,750		5,750,000
Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C")	November 2019	175,000		7,000,000
Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D")	January 2020	150,000		6,000,000
		$	555,000	22,200,000


(1)	Represents number of shares authorized, issued, and outstanding.

Dividends

The Company paid the following quarterly dividends during the three months ended March 31, 2020 and 2019 on its issued and outstanding common shares:



Record Date	Payment Date	Aggregate Payment	Per Share Payment
March 13, 2020	March 27, 2020	$37.1 Million	$0.52
March 12, 2019	March 28, 2019	$40.4 Million	$0.52

Schedule of accumulated other comprehensive (loss)

The following table summarizes the components of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2020 and 2019 (in thousands):



	Cash Flow Hedges			Foreign Currency Translation			Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2019	$	(27,096	)	$	(4,537	)	$	(31,633	)
Change in derivative instruments designated as cash flow hedges⁽¹⁾	(120,140		)	—			(120,140		)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges⁽¹⁾	1,411			—			1,411
Foreign currency translation adjustment	—			(262		)	(262		)
Balance as of March 31, 2020	$	(145,825	)	$	(4,799	)	$	(150,624	)



	Cash Flow Hedges			Foreign Currency Translation			Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2018	$	19,043		$	(4,480	)	$	14,563
Change in derivative instruments designated as cash flow hedges⁽¹⁾	(14,323		)	—			(14,323		)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges⁽¹⁾	(1,749		)	—			(1,749		)
Cumulative effect for the adoption of ASU 2017-12, net of income tax effect	432			—			432
Foreign currency translation adjustment	—			43			43
Balance as of March 31, 2019	$	3,403		$	(4,437	)	$	(1,034	)