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Distributions (Tables)
 12 Months Ended
Dec. 31, 2016
Distributions Tables  
Summary of Payment of Distributions to Shareholders

The following cash distributions, including dividends reinvested, were paid to common shareholders during the three years ended December 31, 2016, 2015 and 2014:

 

      2016     2015     2014  
Quarter Ended     Amount     Per Share     Amount     Per Share     Amount     Per Share  
                                       
March 31     $ 4,879,009     $ 0.18     $ 4,481,730     $ 0.18     $ 3,853,595     $ 0.18  
June 30       4,903,286       0.18       4,633,318       0.18       3,991,110       0.18  
September 30       5,031,818       0.18       4,767,312       0.18       4,125,060       0.18  
December 31       5,204,709       0.18       4,864,760       0.18       4,316,063       0.18  
                                                   
      $ 20,018,822     $ 0.72     $ 18,747,120     $ 0.72     $ 16,285,828     $ 0.72  
Summary of Payment of Dividends to Preferred Shareholders

The following dividends were paid to holders of our Series A Preferred Stock during the year ended December 31, 2016, 2015 and 2014:

 

Declaration Date   Record Date   Payment
Date		   Dividend     Dividend
per Share		  
                     
1/15/2016   2/16/2016   3/15/2016   $ 1,889,147     $ 0.515625  
4/4/2016   5/16/2016   6/15/2016     1,889,147       0.515625  
7/1/2016   8/15/2016   9/15/2016     1,889,147       0.515625  
10/3/2016   11/17/2016   12/15/2016     1,889,147       0.515625  
                         
            $ 7,556,588     $ 2.0625  
                         
1/15/2015   2/17/2015   3/16/2015   $ 1,889,147     $ 0.515625  
4/1/2015   5/15/2015   6/16/2015     1,889,147       0.515625  
7/1/2015   8/15/2015   9/15/2015     1,889,147       0.515625  
10/1/2015   11/17/2015   12/15/2015     1,889,147       0.515625  
                         
            $ 7,556,588     $ 2.0625  
                         
1/15/2014   2/18/2014   3/17/2014   $ 1,889,147     $ 0.515625  
4/1/2014   5/15/2014   6/16/2014     1,889,147       0.515625  
7/1/2014   8/15/2014   9/15/2014     1,889,147       0.515625  
10/1/2014   11/17/2014   12/15/2014     1,889,147       0.515625  
                         
            $ 7,556,588     $ 2.0625  

 

The following dividends were paid to holders of our Series B Preferred Stock during the year ended December 31, 2016:

 

Declaration Date   Record Date   Payment
Date		   Dividend     Dividend
per Share		  
                     
1/15/2016   2/16/2016   3/15/2016   $ 1,305,257     $ 0.72466  
4/4/2016   5/16/2016   6/15/2016     1,900,600       0.50  
7/1/2016   8/15/2016   9/15/2016     1,900,600       0.50  
10/3/2016   11/17/2016   12/15/2016     1,900,600       0.50  
                         
            $ 7,007,057     $ 2.22466