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CorEnergy Infrastructure Trust, 7.375% Dep Shares Ser A Cumul Red Preferred Stk
Ticker Symbol: CORLQ     CUSIP: 21870U304     Exchange: OTOTC
Security Type:   Traditional Preferred Stock

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  CorEnergy Infrastructure Trust, Inc., 7.375% Depositary Shares each representing 1/100th of a share of Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/27/2020 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 7.375% per annum ($1.84375 per annum or $0.4609375 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date).

Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
7.38%
$1.84
$25.00
$25.00
1/27/2020
None
NF NF
1/06/2023
Suspended!
2/28, 5/31, 8/31 & 11/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (CORRQ)

Notes:  December 01, 2023 -- The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below (“Securities”) of CorEnergy Infrastructure Trust, Inc (the “Company”) from the NYSE. Trading in the Company’s Securities will be suspended immediately.

February 06, 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.

IPO - 1/22/2015 - 2.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: CORR-A
Market Value $ Million

Click for current CORLQ price quote from the PINK SHEETS
Click for current CORLQ price quote from the NASDAQ

Company's Online Information Links
HOME PAGE:     https://corenergy.reit/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address info@corenergy.reit

Address and Phone Numbers
Address:   1100 Walnut, Ste. 3350, Kansas City, MO 64106
Main Phone Number 816-875-3705
Fax Number 816-875-5875
Investor Relations   Debbie Hagen 877-699-2677
Toll Free Phone Number 877-699-2677
CEO - David J. Schulte CFO - Robert L. Waldron


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