CorEnergy Declares Common and Preferred Dividends, Schedules Results Release for First Quarter 2021
April 29 2021 - 5:30PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") announced today that its Board of
Directors declared a first quarter 2021 dividend of $0.05 per share
for its common stock, consistent with the preceding quarter. The
dividend is payable on May 28, 2021, to shareholders of record on
May 14, 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 May 28, 2021, to shareholders
of record on May 14, 2021.
The Company's Board of Directors also authorized the
reinstatement of the operation of the Company's Dividend
Reinvestment Plan ("DRIP"). The Board of Directors made this
determination in light of the fact that the staff of the Securities
and Exchange Commission has advised the Company that we can resume
the use of our previously filed and effective shelf registration
statements.
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.
First Quarter 2021 Results Release Date
The Company also announced today that it will report earnings
results for its first quarter, ended March 31, 2021, on May 10,
2021.
CorEnergy will host a conference call on Tuesday, May 11, 2021,
at 2:00 p.m. Central Time to discuss its financial results. Please
dial into the call at +1-201-689-8035 at least five minutes prior
to the scheduled start time. The call will also be webcast in a
listen-only format. A link to the webcast will be accessible at
corenergy.reit.
A replay of the call will be available until 2:00 p.m. Central
Time on June 11, 2021, by dialing +1-919-882-2331. The Conference
ID is 40739. A replay of the conference call will also be available
on the Company’s website.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210429006187/en/
CorEnergy Infrastructure Trust, Inc. Investor Relations Debbie
Hagen or Matt Kreps 877-699-CORR (2677) info@corenergy.reit
CorEnergy Infrastructure (NYSE:CORR)
Historical Stock Chart
From Mar 2024 to Apr 2024
CorEnergy Infrastructure (NYSE:CORR)
Historical Stock Chart
From Apr 2023 to Apr 2024