CorEnergy Declares Common and Preferred Dividends
July 29 2021 - 4:05PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") announced today that its Board of
Directors declared a second quarter 2021 dividend of $0.05 per
share for its common stock, consistent with the preceding quarter.
The dividend is payable on August 31, 2021, to shareholders of
record on August 17, 2021.
The Board of Directors also declared a cash dividend of
$0.4609375 per depositary share for the Company’s 7.375% Series A
Cumulative Redeemable Preferred Stock. The preferred stock
dividend, which equates to an annual dividend payment of $1.84375
per depositary share, is payable on August 31, 2021, to
shareholders of record on August 17, 2021.
Additionally, the Company's Board of Directors authorized the
declaration of dividends on the Company's 4.00% Series B Redeemable
Convertible Preferred Securities ("Series B Preferred") and shares
of the Company's 9.00% Series C Exchangeable Preferred Securities
("Series C Preferred") as if they had been outstanding, in
accordance with the terms of the Crimson Midstream Holdings, LLC
Agreement.
About CorEnergy Infrastructure Trust,
Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a
real estate investment trust that owns and operates or leases
regulated natural gas transmission and distribution and crude oil
gathering, storage and transmission pipelines and associated
rights-of-way. For more information, please visit
corenergy.reit.
Forward-Looking
Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Although CorEnergy believes that the expectations reflected in
these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Actual results could differ materially from
those anticipated in these forward-looking statements as a result
of a variety of factors, including those discussed in CorEnergy's
reports that are filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required by law, CorEnergy does not assume a duty to
update any forward-looking statement. In particular, any
distribution paid in the future to our stockholders will depend on
the actual performance of CorEnergy, its costs of leverage and
other operating expenses and will be subject to the approval of
CorEnergy's Board of Directors and compliance with leverage
covenants.
Source: CorEnergy Infrastructure Trust, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210729006040/en/
CorEnergy Infrastructure Trust, Inc. Investor Relations Debbie
Hagen or Matt Kreps 877-699-CORR (2677) info@corenergy.reit
CorEnergy Infrastructure (NYSE:CORR)
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