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Redemption of Preferred Stock
12 Months Ended
Dec. 31, 2015
Redemption of Preferred Stock  
Redemption of Preferred Stock

9.   Redemption of Preferred Stock

 

In September 2014, we issued an irrevocable notice of redemption for all 8.8 million shares of our 6.75% Monthly Income Class E Preferred Stock for $25 per share, plus accrued dividends.  The redemption occurred in October 2014.  We incurred a charge of $6.0 million, representing the Class E preferred stock original issuance costs that we paid in 2006.