MINOT, N.D., March 5, 2020 /PRNewswire/ -- IRET
(NYSE: IRET) announced today that its Board of Trustees
declared a regular quarterly distribution of $0.70 per share/unit, payable on April 9, 2020, to common shareholders and
unitholders of record at the close of business on March 31, 2020. IRET has paid cash
dividends to common shareholders and unitholders every quarter
since its initial dividend in 1971.
The Board of Trustees also declared a distribution of
$0.4140625 per share on the 6.625%
Series C Cumulative Redeemable Preferred Shares
(NYSE: IRET PRC) payable on March
31, 2020, to holders of record at the close of business on
March 16, 2020. Series C
preferred share distributions are cumulative and payable quarterly
in arrears at an annual rate of $1.65625 per share.
About IRET
IRET is a real estate company focused on
the ownership, management, acquisition, redevelopment, and
development of apartment communities. As of December 31, 2019, we owned interests in 69
apartment communities consisting of 11,953 homes. IRET's common
shares and Series C preferred shares are publicly traded on the New
York Stock Exchange (NYSE symbols: "IRET" and "IRET PRC,"
respectively). IRET's press releases and supplemental information
are available on its website at www.iretapartments.com or by
calling Investor Relations at 701-837-7104.
Contact Information
Jonathan
Bishop
Vice President – Finance
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET