MINNEAPOLIS, Sept. 4, 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 October 9, 2020, to common shareholders and
unitholders of record at the close of business on September 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 September 30, 2020, to holders of record at the
close of business on September 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 66 apartment communities consisting of 11,445
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