Investors Real Estate Trust Declares Regular Quarterly Common Share Distribution, and Declares Series A Preferred Share Distr...
June 01 2012 - 3:30PM
Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) announced
today that its Board of Trustees has declared a regular quarterly
distribution of 13.00 cents per share/unit payable on July 2, 2012
to common shareholders and unitholders of record at the close of
business on June 15, 2012. The distribution reinvestment price will
be the volume-weighted average NASDAQ share price on July 2, 2012,
less a discount of 5%. The Company has filed a registration
statement with the Securities and Exchange Commission to register
the number of common shares necessary to meet distribution
reinvestment elections.
This 13.00 cents per common share/unit distribution represents
the 165th consecutive quarterly distribution paid by IRET since its
inception in 1970. The previous regular quarterly
distribution, also 13.00 cents per common share/unit, was paid
April 2, 2012.
Investors Real Estate Trust's Board of Trustees also declared
today a distribution of 51.5625 cents per share on the Company's
Series A Cumulative Redeemable Preferred Shares
(Nasdaq:IRETP). This distribution will be payable July 2, 2012
to Series A preferred shareholders of record on June 15, 2012.
Additionally, IRET today announced that the company will
participate in REITWeek in New York City. REITWeek is a
National Association of Real Estate Investment Trusts (NAREIT)
Investor Forum. IRET's President and CEO Timothy Mihalick will
present an overview of IRET followed by a question and answer
session on Wednesday, June 13 at 4:30 p.m. Eastern Time at the
Hilton New York. The presentation will be audio-webcast and
may be accessed through the company's website. The
presentation will be archived and available for 90 days.
About Investors Real Estate Trust
Investors Real Estate Trust is an equity real estate investment
trust. Its business consists of owning and operating
income-producing multi-family residential and commercial properties
located primarily in the upper Midwest. Investors Real Estate
Trust is based in Minot, North Dakota, and has additional offices
in Minneapolis, Minnesota and Omaha, Nebraska.
The Investors Real Estate Trust logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5183
CONTACT: Lindsey Knoop Anderson
Director of Investor Relations
1400 31st Ave SW, Suite 60
PO Box 1988
Minot, North Dakota 58702-1988
phone: 701.837.4738
fax: 701.838.7785
email:landerson@iret.com
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