Bulletin
Investor Alert

press release

Jan. 23, 2019, 4:54 p.m. EST

IRET Announces 2018 Dividend Allocations

MINNEAPOLIS, Jan. 23, 2019 /PRNewswire/ -- IRET /zigman2/quotes/203424196/composite IRET +2.55% announced today the final tax treatment (Form 1099-DIV) for calendar year 2018 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their IRET distributions.

Security Description Record Date Payable Date CashDistribution Per Share Ordinary Return of Capital Total Unrecaptured Section 1250 Gain
Common Shares 01/02/18 01/16/18 $0.070000 $0.000000 $0.000000 $0.070000 $0.047634
03/15/18 04/02/18 $0.070000 $0.000000 $0.000000 $0.070000 $0.047634
06/15/18 07/02/18 $0.070000 $0.000000 $0.000000 $0.070000 $0.047634
09/17/18 10/01/18 $0.070000 $0.000000 $0.000000 $0.070000 $0.047634
TOTALS $0.280000 $0.000000 $0.000000 $0.280000 $0.190536

 

Security Description Record Date Payable Date CashDistribution Per Share Ordinary Return of Capital Total Unrecaptured Section 1250 Gain
Series CPreferred Shares 03/15/18 04/02/18 $0.4140625 $0.000000 $0.000000 $0.4140625 $0.281765
06/15/18 07/02/18 $0.4140625 $0.000000 $0.000000 $0.4140625 $0.281765
09/17/18 10/01/18 $0.4140625 $0.000000 $0.000000 $0.4140625 $0.281765

12/17/18 12/31/18 $0.4140625 $0.000000 $0.000000 $0.4140625 $0.281765
                                    TOTALS $1.6562500 $0.000000 $0.000000 $1.6562500 $1.127060

IRET's common shares started trading under a new CUSIP number (461730509) upon the execution of IRET's 1-for-10 reverse stock split, which became effective as of the close of trading on December 27, 2018.

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)(nyse symbols:" 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

IRET logo (PRNewsfoto/IRET)

 

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SOURCE IRET

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/zigman2/quotes/203424196/composite
US : U.S.: NYSE
$ 78.01
+1.94 +2.55%
Volume: 68,508
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
3.59%
Market Cap
$906.84 million
Rev. per Employee
$339,550
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