IRET Announces 2018 Dividend Allocations

MINNEAPOLIS, Jan. 23, 2019 /PRNewswire/ -- IRET (NYSE: IRET) announced today the final tax treatment (Form 1099-DIV) for calendar year 2018 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.

       Security Description     
     Record Date         
         Payable    
            Cash          
            Ordinary         
     Return of Capital             
        Total             
     Unrecaptured Section
                                                           Date           Distribution                                                                                              1250 Gain
                                                                           Per Share             
            Taxable                                      
       Capital Gain
                                                                                                   Distribution

    ---                                                                                                                                                                                                     ---

                   Common Shares   
            01/02/18     
         01/16/18             $0.070000                 $0.000000                     $0.000000                $0.070000                            $0.047634


       CUSIP: 461730509


       Symbol: IRET


              
            03/15/18    
            04/02/18          $0.070000              $0.000000                 $0.000000                     $0.070000                $0.047634


              
            06/15/18    
            07/02/18          $0.070000              $0.000000                 $0.000000                     $0.070000                $0.047634


              
            09/17/18    
            10/01/18          $0.070000              $0.000000                 $0.000000                     $0.070000                $0.047634



                                               
         
          TOTALS               $0.280000                 $0.000000                     $0.000000                $0.280000                            $0.190536

              Security Description       
       Record Date      
         Payable   
              Cash         
             Ordinary        
     Return of Capital            
        Total            
     Unrecaptured Section
                                                                  Date           Distribution                                                                                            1250 Gain
                                                                                   Per Share             
             Taxable                                    
       Capital Gain
                                                                                                           Distribution

    ---                                                                                                                                                                                                           ---


              
                Series C        
             03/15/18  
         04/02/18             $0.4140625                 $0.000000                    $0.000000              $0.4140625                            $0.281765
    Preferred Shares


              CUSIP: 461730400


              Symbol: IRETPRC


                             06/15/18       
             07/02/18      $0.4140625               $0.000000                 $0.000000                   $0.4140625               $0.281765


                             09/17/18       
             10/01/18      $0.4140625               $0.000000                 $0.000000                   $0.4140625               $0.281765


                                            
             12/17/18  
         12/31/18             $0.4140625                 $0.000000                    $0.000000              $0.4140625                            $0.281765


                                      
     
                              TOTALS               $1.6562500                 $0.000000                    $0.000000              $1.6562500                            $1.127060

IRET's common shares started trading under a new CUSIP number (461730509) upon the execution of IRET's 1-for-10 reverse stock split, which became effective as of the close of trading on December 27, 2018.

About IRET

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. IRET owns interests in 87 communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: "IRET" and "IRET PRC," respectively). IRET's press releases and supplemental information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.

Contact Information

Jonathan Bishop
Vice President - Finance
Phone: 701-837-7104
E-mail: IR@iret.com

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SOURCE IRET