Investors Real Estate Trust 6.625% Series C Cumulative Redeemable Preferred Shares
By: Tim McPartland,
Date Issued 9/26/2017
Shares Issued 4,000,000 Over-allotment Shares 600,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol IRET-C OTC Temporary Ticker IRRTP
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 1/02/2018
Quarterly Dividend .414 Annual Dividend 1.656
Securities may be redeemed, at the issuers option, as early as 10/2/2022 at a call price of $25 plus accrued dividends.
Dividend Payment Will NOT BE Qualified Distributions. Preferred stock dividends of REITS are not eligible for the qualified tax rate.
Maturity Date None