KANSAS CITY, Mo.--(BUSINESS WIRE)--
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy"
or the "Company") announced today that its Board of Directors declared a
fourth quarter 2016 dividend of $0.75 per share (or $3.00 per share
annualized) for its common stock. The dividend is payable on February
28, 2017, to shareholders of record on February 13, 2017.
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 for the fourth quarter, ending December 31, 2016. The
preferred stock dividend, which equates to an annual dividend payment of
$1.84375 per depositary share, is payable on February 28, 2017, to
shareholders of record on February 13, 2017.
CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real
estate investment trust (REIT) that owns essential midstream and
downstream energy assets, such as pipelines, storage terminals, and
transmission and distribution assets. We seek long-term contracted
revenue from operators of our assets, primarily under triple net
participating leases. For more information, please visit corenergy.reit.
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.
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Source: CorEnergy Infrastructure Trust, Inc.