MINOT, N.D., June 5, 2020 /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 10, 2020, to common shareholders and
unitholders of record at the close of business on June 30, 2020. 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 June
30, 2020, to holders of record at the close of business on
June 15, 2020. 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, 2020, we owned interests in 70
apartment communities consisting of 12,135 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
Emily
Miller
Investor Relations
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET