CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Centerspace's Board of Trustees declares regular quarterly distribution of $0.73 per share/unit payable on July 10, 2023. Also declares distribution of $0.4140625 per share on Series C Cumulative Redeemable Preferred Shares payable on June 30, 2023.

Positive

• Centerspace declares regular quarterly distribution of $0.73 per share/unit
• Series C preferred share distributions are cumulative and payable quarterly at an annual rate of $1.65625 per share

Negative

• None.

MINNEAPOLIS, June 2, 2023 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on July 10, 2023, to common shareholders and unitholders of record at the close of business on June 30, 2023.

The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on June 30, 2023, to holders of record at the close of business on June 15, 2023. Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share. 

About Centerspace

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 75 apartment communities consisting of 13,498 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

If you would like more information about this topic, please contact Joe McComish, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/centerspace-announces-quarterly-dividend-301840216.html

SOURCE Centerspace

FAQ

What is the regular quarterly distribution declared by Centerspace's Board of Trustees?

Centerspace's Board of Trustees has declared a regular quarterly distribution of $0.73 per share/unit.

When is the regular quarterly distribution payable?

The regular quarterly distribution is payable on July 10, 2023.

What is the distribution declared on Series C Cumulative Redeemable Preferred Shares?

A distribution of $0.4140625 per share has been declared on the Series C Cumulative Redeemable Preferred Shares.

When is the distribution on Series C Cumulative Redeemable Preferred Shares payable?

The distribution on Series C Cumulative Redeemable Preferred Shares is payable on June 30, 2023.

What is the annual rate of the Series C preferred share distributions?

The Series C preferred share distributions are cumulative and payable quarterly at an annual rate of $1.65625 per share.