CorEnergy Infrastructure Trust Announces A Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Diversified energy infrastructure REIT CorEnergy Infrastructure Trust (ticker:CORR) has announced a new cumulative, redeemable preferred stock offering.
The coupon on this issue is 7.37% and it will be a 2 million shares offering. The ticker symbol for OTC grey market has not been announced as of a few minutes ago.
This is a REIT offering and as such will not pay qualified dividends.
Details of the issue are here.
Thanks to longtime reader Howard for the heads up on this issue.