CorEnergy Infrastructure Trust Inc | 7.375% Series A Cumulative Redeemable Preferred Stock (CORR.PRA)
Prospectus excerpt: We will pay cumulative dividends on the shares of our Series A Preferred Stock underlying the depositary shares offered hereby in the amount of $1.84375 per depositary share for each full year, which is equivalent to 7.375% of the $25.00 liquidation preference per depositary share. Dividends will be payable quarterly in arrears on or about the last day of February, May, August and November of each year, when, as and if declared by our board of directors. The first dividend on the shares of our Series A Preferred Stock underlying the depositary shares offered hereby will be payable on June 1, 2015 (as May 31, 2015 is not a business day), and such dividend will be in the amount of $0.635069444 per depositary share.
Full Prospectus PDF », Secondary Prospectus PDF », CORR Page »
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CorEnergy Infrastructure Trust is a real estate investment trust focused on energy infrastructure. Co. owns and operates energy midstream infrastructure connecting the upstream and downstream sectors within the industry. Co. is engaged in the transportation, via pipeline, of crude oil and natural gas for its customers in California and Missouri. Co.'s asset portfolio includes Crimson Midstream Holdings Pipeline System, which is a crude oil transportation pipeline system; MoGas Pipeline System, which is an interstate natural gas pipeline in and around St. Louis and extending into central Missouri; and Omega Pipeline System, which is a natural gas distribution system. Preferred: CORR.PRA Open the CORR Information Page » |
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