MINNEAPOLIS, Dec. 4, 2020 /PRNewswire/
-- NYSE: IRET. IRET's Board of Trustees declared a
regular quarterly distribution of $0.70 per share/unit, payable on January 15, 2021, to common shareholders and
unitholders of record at the close of business on January 4, 2021. IRET has paid cash every
quarter since its initial dividend in 1971. 2021 will mark IRET's
50th consecutive year of paying dividends to its common
shareholders and unitholders.
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 December 31, 2020, to holders of record at the
close of business on December 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. Currently, we own
interests in 67 apartment communities consisting of 11,910
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
Emily
Miller
Investor Relations
Phone: 701-837-7104
E-mail: IR@iret.com
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SOURCE IRET