CorEnergy Declares Common and Preferred Dividends and Schedules Earnings Release for First Quarter 2018
April 25 2018 - 4:31PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") announced today that its Board of
Directors declared a first quarter 2018 dividend of $0.75 per share
(or $3.00 per share annualized) for its common stock. The dividend
is payable on May 31, 2018, to shareholders of record on May 17,
2018.
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 31, 2018, to shareholders
of record on May 17, 2018.
First Quarter 2018 Earnings Release Date
The Company also announced today that it will report earnings
results for its first quarter 2018, ended March 31, 2018,
on May 1, 2018.
CorEnergy will host a conference call on Wednesday, May 2,
2018, at 1:00 p.m. Central Time to discuss its financial
results. Please dial into the call at 877-407-8035 (for
international, 1-201-689-8035) approximately five to ten 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 1:00 p.m.
Central Time on June 2, 2018, by dialing 877-481-4010 (for
international, 1-919-882-2331). The Conference ID is 28051. 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 (REIT) that owns essential energy
assets, such as pipelines, storage terminals, and transmission and
distribution assets. We receive long-term contracted revenue from
operators of our assets, primarily under triple-net participating
leases. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180425006719/en/
CorEnergy Infrastructure Trust, Inc.Investor
RelationsLesley Schorgl, 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