CorEnergy Declares Common and Preferred Dividends

Source: www.gulfoilandgas.com 7/29/2021, Location: North America

CorEnergy Infrastructure Trust, Inc. announced that its Board of Directors declared a second quarter 2021 dividend of $0.05 per share for its common stock, consistent with the preceding quarter. The dividend is payable on August 31, 2021, to shareholders of record on August 17, 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 August 31, 2021, to shareholders of record on August 17, 2021.

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.


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