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

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Date Issued 9/26/2017

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Shares Issued  4,000,000   Over-allotment Shares  600,000

S&P Rating   NR   Moodys Rating   NR

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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

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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

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Click here to find the offering Prospectus and Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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