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Investors Real Estate Trust 6.625% Series C Cumulative Redeemable Preferred Shares

By: ,

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

 

Company Investor Relations Page for Investors Real Estate Trust

Click here to find the offering Prospectus and Final Pricing Document

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