MINOT, N.D., March 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 April 1,
2019, to common shareholders and unitholders of record at the close
of business on March 15, 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 April 1, 2019, to
holders of record at the close of business on March 15, 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. IRET owns interests in
87 communities consisting of 13,702 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