MINOT, N.D., June 5, 2019 /PRNewswire/ -- IRET
(NYSE: IRET) announced today that its Board of Trustees
declared a regular quarterly distribution of $0.70 per share/unit payable on July 1, 2019, to common shareholders and
unitholders of record at the close of business on June 17, 2019. 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 July
1, 2019, to holders of record at the close of business on
June 17, 2019. 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 March 31, 2019, we owned interests in 88
apartment communities consisting of 13,975 apartment 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