CORR - Dividend announcements

CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") announced today that its Board of Directors declared a 2024 dividend on its outstanding common stock comprised of $0.52 per share in cash and 0.1142 shares per outstanding share of common stock. The dividend is payable on January 20, 2025, to shareholders of record on December 31, 2024 and is intended to satisfy REIT compliance rules that we distribute at least 90% of our REIT taxable income to our shareholders each year. Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares represen

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced that it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company intends to notify the NYSE of its plans to resolve the stock price deficiency and return to compliance with the continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the Notice

All-Cash Transaction Expected to Repay Bank Debt in Full and Generate Additional Cash CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced entry into a definitive agreement to sell its MoGas and Omega pipeline systems ("MoGas System") to Spire Inc. (NYSE:SR) for approximately $175 million in cash, subject to final working capital adjustments. The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois. Transaction Highlights All-cash transaction valued at approximately $175 million Expected to close in the third quarter 2023, subject only to anti-trust

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it has filed its Form 10-K for the year ended December 31, 2022 with the United States Securities and Exchange Commission and posted a 2022 ESG report to its corporate website. Among ESG results detailed, the Company reported a 56% reduction in Scope 1 and 2 emissions across all CorEnergy assets from its 2021 baseline. The Company also commenced a new methane emission measurement and monitoring program at MoGas, targeting a minimum reduction of 65% by 2025. As part of CorEnergy's continued ESG development initiatives, it has adopted the Energy Infrastructure Counsel (EIC) ESG rep

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it has retained an advisor for the sale its MoGas and Omega systems and that the process has generated a number of highly interested and qualified participants. Given the level of interest, the Company expects to close the sale by early Q3 2023. "We anticipate net proceeds from the sale of our MoGas and Omega systems will be sufficient to repay our bank facility in full. We also expect that the remaining proceeds, combined with a new credit facility and operating cash flow, will enable us to retire a material percentage of our outstanding convertible debt prior to maturity. Addit

Expects to Release Full-Year 2022 Results and 2023 Outlook on March 7, 2023 CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that its Board of Directors has determined the Company will suspend dividend payments on its 7.375% Series A Cumulative Redeemable Preferred Stock and the Company's common stock. "After careful consideration, the Board agreed with management's recommendation to suspend dividends due to a combination of declining volumes and increased costs in our California systems. As a result, we filed for a 36% rate increase on our SPB line in California based on the regulated cost-of-service tariff structure," said Dave S

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced the tax characterization of the 2022 distributions paid to stockholders. The following table summarizes, for income tax purposes, the nature of cash distributions paid by the Company during the year ended December 31, 2022. Common Shareholders Record Date Payable Date Total Distributions Per Share Total Ordinary Dividends Box 1a Qualified Dividends Box 1b Total Capital Gain Distr. Box 2a Nondividend Distr. Box 3 2/14/2022 2/28/2022 $ 0.0500 $ — $ — $ — $ 0.0500 5/17/2022 5/31/2022   0.0500  

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced the tax characterization of the 2021 distributions paid to stockholders. The following table summarizes, for income tax purposes, the nature of cash distributions paid by the Company during the year ended December 31, 2021. Common Shareholders Record Date Payable Date Total Distributions Per Share Total Ordinary Dividends Box 1a Qualified Dividends Box 1b Total Capital Gain Distr. Box 2a Nondividend Distr. Box 3 2/12/2021 2/26/2021 $ 0.0500 $ — $ — $ — $ 0.0500 5/14/2021 5/28/2021 0.0500 — — — 0.0500

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that its Board of Directors declared a second quarter 2021 dividend of $0.05 per share for its common stock, consistent with the preceding quarter. The dividend is payable on August 31, 2021, to shareholders of record on August 17, 2021. 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. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on August 31, 2021, to shareholders of record on August 17, 2021. Additi

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced results from its 2021 annual meeting of stockholders. In addition, the Board of the Company authorized management to enter into an agreement to convert the right to receive the Company's 9.0% Series C Preferred Stock into 7.375% Series A Cumulative Redeemable Preferred Stock. "We are grateful for the affirmative votes on all four 2021 annual meeting ballot items, and in particular the overwhelming support of stockholders for the issuance of our Class B Common Stock associated with the Crimson Transaction earlier this year and the internalization of our REIT manager. We believe that bo

CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") today announced financial results for the first quarter, ended March 31, 2021. First Quarter 2021 and Recent Highlights Effective February 1, 2021, CorEnergy acquired Crimson Midstream Holdings, LLC ("Crimson") in exchange for total consideration of $344 million, including a 49.5 % voting interest and the right to the remaining voting interest upon regulatory approval. As part of the Crimson transaction, effective February 1, 2021, CorEnergy transferred its GIGS asset to the sellers of Crimson, terminated the lease of GIGS, and agreed to forgo collection efforts on past rents and to dismiss other claims against the ten

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that its Board of Directors declared a first quarter 2021 dividend of $0.05 per share for its common stock, consistent with the preceding quarter. The dividend is payable on May 28, 2021, to shareholders of record on May 14, 2021. 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. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on May 28, 2021, to shareholders of record on May 14, 2021. The Company's Board

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") today announced the acquisition (the “Transaction”) of Crimson Midstream Holdings, LLC (“Crimson”), a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California crude production to in-state refineries producing state-mandated specialized fuel blends, among other products. The acquisition was fu

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 2020 dividend of $0.05 per share for its common stock, consistent with the preceding quarter. The dividend is payable on February 26, 2021, to shareholders of record on February 12, 2021. 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. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on February 26, 2021 to sha

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced the tax characterization of the 2020 distributions paid to stockholders. The following table summarizes, for income tax purposes, the nature of cash distributions paid by the Company during the year ended December 31, 2020. Common Shareholders Record Date Payable Date Total Distributions Per Share Total Ordinary Dividends Box 1a Qualified Dividends Box 1b Total Capital Gain Distr. Box 2a Nondividend Distr. Box 3 2/14/2020 2/28/2020 $ 0.7500   $ —   $ —   $ —   $ 0