16. Distributions Paid and Payable

A. Common Stock

We pay monthly dividends to our common stockholders. The following is a summary of the monthly dividends paid per common share for the first six months of 2013 and 2012:

Month	2013		2012
January	$	0.1517500	$	0.1455000
February	0.1809167		0.1455000
March	0.1809167		0.1455000
April	0.1812292		0.1458125
May	0.1812292		0.1458125
June	0.1812292		0.1458125
Total	$	1.0572710	$	0.8739375

At June 30, 2013, a distribution of $0.1815417 per common share was payable and was paid in July 2013.

B. Preferred Stock

In March 2012, we redeemed all of our 5.1 million shares of 7.375% Monthly Income Class D Cumulative Redeemable Preferred Stock, which were issued in 2004. During the first three months of 2012, we paid dividends to holders of our Class D preferred stock totaling $0.3841147 per share, or $2.0 million.

In 2006, we issued 8.8 million shares of our 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock for $25.00 per share. As of December 7, 2011, the Class E preferred shares were redeemable, at our option, for $25.00 per share. During each of the first six months of 2013 and 2012, we paid six monthly dividends to holders of our Class E preferred stock totaling $0.84375 per share, or $7.4 million, and at June 30, 2013, a monthly dividend of $0.140625 per share was payable and was paid in July 2013.

In February 2012, we issued 14.95 million shares of 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock at a price of $25.00 per share. In April 2012, we issued an additional 1.4 million shares of our Class F preferred stock at a price of $25.2863 per share. Beginning February 15, 2017, shares of our Class F preferred shares are redeemable, at our option, for $25.00 per share, plus any accrued and unpaid dividends. During the first six months of 2013, we paid six monthly dividends to holders of our Class F preferred stock totaling $0.828126 per share, or $13.5 million, and during the first six months of 2012, we paid four monthly dividends to holders of our Class F preferred stock totaling $0.5842887, or $9.1 million. The initial March 2012 dividend on our Class F preferred stock covered 37 days. At June 30, 2013, a monthly dividend of $0.138021 per share was payable and was paid in July 2013.

We are current in our obligations to pay dividends on our Class E and Class F preferred stock.

C. Tau Operating Partnership Common Units

As part of our acquisition of ARCT, we issued 317,022 common partnership units of Tau Operating Partnership. These common units are entitled to monthly distributions equivalent to the per common share amounts paid to the common stockholders of Realty Income. For the first six months of 2013, we paid five monthly distributions to holders of these common units totaling $0.905521 per unit, or $287,000, and at June 30, 2013, a monthly distribution of $0.1815417 per common unit was payable and was paid in July 2013.

D. Realty Income, L.P. units

In June 2013, we issued 534,546 common partnership units of Realty Income, L.P. These common units are entitled to monthly distributions equivalent to the per common share amount paid to the common stockholders of Realty Income. The first distribution of $0.1815417 per common unit was paid in July 2013.