Management Agreement |
3 Months Ended |
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Mar. 31, 2017 | |
Agreements [Abstract] | |
MANAGEMENT AGREEMENT |
MANAGEMENT AGREEMENT
The Company pays Corridor as the Company's Manager pursuant to a Management Agreement as described in the 2016 CorEnergy 10-K. Effective March 31, 2017, the Manager voluntarily recommended, and the Company agreed, that the Manager would waive $9 thousand of the $149 thousand total incentive fee that would otherwise be payable under the provisions of the Management Agreement with respect to dividends paid on the Company's common stock during the three months ended March 31, 2017.
Fees incurred under the Management Agreement for each of the three months ended March 31, 2017 and 2016 were $1.8 million, and are reported in the General and Administrative line item on the income statement.
The Company pays Corridor, as the Company's Administrator pursuant to an Administrative Agreement. Fees incurred under the Administrative Agreement for each of the three months ended March 31, 2017 and 2016 were $67 thousand, and are reported in the General and Administrative line item on the income statement.
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- Definition Agreements. No definition available.
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- Definition Agreements. No definition available.
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