Preferred Stock Channel
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 », CORR Page »

Series:A
Alternate symbology:CORR-A, CORR-PA, CORRprA
Redeemable?:Yes
Call Date:1/27/2020 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,000,000
Overallotment:300,000
Liquidation Preference:$25
Recent Market Price:$16.75
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-8.25 (-33.00%)
Annualized Dividend:1.84375
Recent Ex-Date:5/14/2020
Current Yield:11.01%
Original Coupon:7.38%
Pay Period:Quarterly
Pay Dates:28-Feb, 31-May, 31-Aug, 30-Nov
CorEnergy Infrastructure Trust is a real estate investment trust. Co primarily owns assets in the midstream and downstream U.S. energy sectors that perform utility-like functions, such as pipelines, storage terminals, rail terminals and gas and electric transmission and distribution assets. Co. has provided financing loans to owners and operators of energy infrastructure real property assets, secured by such assets and related equipment, as well as by the outstanding equity of the borrowers.

Preferred: CORR.PRA


Open the CORR Information Page »
Name:  CorEnergy Infrastructure Trust Inc
Website:  www.investors.corenergy.reit
Sector:  REITs
Number of ETFs Holding CORR:  24 (see which ones)
Total Market Value Held by ETFs:  $23,695,037
Total Market Capitalization:  $152,000,000
% of Market Cap. Held by ETFs:  15.59%

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