IRET Announces 2016 Distribution Allocation

News provided by

Investors Real Estate Trust

Jan 18, 2017, 05:45 ET

MINOT, N.D., Jan 18, 2017 /PRNewswire/ -- IRET (NYSE: IRET) today announced the final tax treatment (Form 1099-DIV) for calendar year 2016 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their IRET distributions. None of the following 2016 calendar year distributions are eligible for treatment as "qualified dividend income."

Security
Description

Record
Date

Payable
Date

Cash
Distribution
Per Share

Ordinary
Taxable
Distribution

Return of
Capital

Total
Capital Gain

Unrecaptured
Section 1250
Gain


Common Shares

CUSIP: 461730103

Symbol: IRET

01/04/16

01/15/16

$0.130000

$0.016164

$0.000000

$0.113836

$0.113836

03/21/16

04/01/16

$0.130000

$0.016164

$0.000000

$0.113836

$0.113836

06/15/16

07/01/165

$0.130000

$0.016164

$0.000000

$0.113836

$0.113836

09/15/16

10/03/16

$0.130000

$0.016164

$0.000000

$0.113836

$0.113836

TOTALS

$0.520000

$0.064656

$0.000000

$0.455344

$0.455344

Security
Description

Record
Date

Payable
Date

Cash
Distribution
Per Share

Ordinary
Taxable
Distribution

Return of
Capital

Total
Capital Gain

Unrecaptured
Section 1250
Gain

Series A
Preferred Shares

CUSIP: 461730202

03/21/16

03/31/16

$0.515625

$0.064111

$0.000000

$0.451514

$0.451514

06/15/16

06/30/16

$0.515625

$0.064111

$0.000000

$0.451514

$0.451514

09/15/16

09/30/16

$0.515625

$0.064111

$0.000000

$0.451514

$0.451514

Symbol: IRETPR

12/02/16

12/02/16

$0.360938

$0.044878

$0.000000

$0.316060

$0.316060

                                       TOTALS

$1.907813

$0.237211

$0.000000

$1.670602

$1.670602

Security
Description

Record
Date

Payable
Date

Cash
Distribution
Per Share

Ordinary
Taxable
Distribution

Return of
Capital

Total

Capital Gain

Unrecaptured
Section 1250
Gain

Series B
Preferred Shares

CUSIP: 461730301

03/21/16

03/31/16

$0.496875

$0.061780

$0.000000

$0.435095

$0.435095

06/15/16

06/30/16

$0.496875

$0.061780

$0.000000

$0.435095

$0.435095

09/15/16

09/30/16

$0.496875

$0.061780

$0.000000

$0.435095

$0.435095

Symbol: IRETPRB

12/23/16

12/31/16

$0.496875

$0.061780

$0.000000

$0.435095

$0.435095

                                    TOTALS

$1.987500

$0.247120

$0.000000

$1.740380

$1.740380

IRET focuses on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest. As of October 31, 2016, IRET owned interests in 130 properties that were held for investment, consisting of: (1) 86 multifamily properties consisting of 12,751 units, and (2) 44 commercial properties, including 30 healthcare properties, containing a total of approximately 2.7 million square feet of leasable space.  IRET's common shares and Series B preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRETPRB, respectively). IRET redeemed all of its Series A preferred shares on December 2, 2016. For more information on IRET, please visit IRET's website at www.iret.com or by contacting Investor Relations at 701-837-7104.

CONTACT INFO

Investor Relations
Stephen Swett
phone: 701.837.7104
email: [email protected]

SOURCE Investors Real Estate Trust

Related Links

http://www.iret.com

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