CorEnergy Declares Common and Preferred Dividends and Schedules Earnings Release for Third Quarter 2019
October 23 2019 - 4:30PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") announced today that its Board of
Directors declared a third quarter 2019 dividend of $0.75 per share
for its common stock. The dividend is payable on November 29, 2019,
to shareholders of record on November 15, 2019.
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 November 29, 2019, to
shareholders of record on November 15, 2019.
Common stock dividends will be paid entirely in cash, pending
the Company's DRIP registration statement being available, as
described in our periodic SEC filings.
Third Quarter 2019 Earnings Release Date
The Company also announced today that it will report earnings
results for its third quarter, ended September 30, 2019, on October
30, 2019.
CorEnergy will host a conference call on Thursday, October 31,
2019, 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 November 30, 2019, by dialing 877-481-4010 (for
international, 1-919-882-2331). The Conference ID is 54913. 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 critical energy
assets, such as pipelines, storage terminals, and transmission and
distribution assets. CorEnergy receives long-term contracted
revenue from operators of its 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 CorEnergy's 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191023005851/en/
CorEnergy Infrastructure Trust, Inc. Investor Relations Debbie
Hagen 877-699-CORR (2677) info@corenergy.reit
CorEnergy Infrastructure (NYSE:CORR)
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