UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):  April 13, 2020

CorEnergy Infrastructure Trust, Inc.
 (Exact Name of Registrant as Specified in Its Charter)

Maryland
1-33292
20-3431375
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

1100 Walnut, Suite 3350, Kansas City, MO
  
64106
(Address of Principal Executive Offices)
  
(Zip Code)

(816) 875-3705
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class
Trading Symbol(s)
Name of Each Exchange On Which Registered
Common Stock, par value $0.001 per share
CORR
New York Stock Exchange
7.375% Series A Cumulative Redeemable Preferred Stock
CORRPrA
New York Stock Exchange
 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01
Other Events.

On April 13, 2020, CorEnergy Infrastructure Trust, Inc. (the “Company”) issued a press release announcing that Cox Oil has provided notification of its intent to suspend payment of rent, beginning with the April payment, on the Grand Isle Gathering System owned by the Company. Based upon the adverse impact of current market conditions on its material tenants, the Company expects to recommend to the board a reduction in the next quarterly common stock dividend to $0.05.  At such time as rent is received, the Company will consider various means of returning capital to its stockholders, including further adjustments to the dividend consistent with prudent coverage ratios. The Company intends to comply with the REIT taxable income distribution requirements. It anticipates recommending declaration of the regular quarterly cash dividend for the first quarter on the Company’s Series A Preferred Stock.

A copy of the press release announcing the repurchase program is attached hereto as Exhibit 99.1, and is incorporated herein by reference and constitutes part of this report.

Item 9.01
Financial Statements and Exhibits

(d)
Exhibits

Exhibit Number
Description
Press Release – CorEnergy Announces Business Update and Reduces Dividend Outlook

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  CORENERGY INFRASTRUCTURE TRUST, INC.
   
Dated:  April 13, 2020
By:
/s/ Rebecca M. Sandring
  
   
Rebecca M. Sandring
   
Secretary