Investors Real Estate Trust Announces Increase in Regular Quarterly Common Share Distribution, and Declares Series A Preferred Share Distribution

Investors Real Estate Trust announced that its Board of Trustees has declared a regular quarterly distribution of 16.90 cents per share/unit payable on October 1, 2008, to common shareholders and unitholders of record at the close of business on September 15, 2008. The distribution reinvestment price will be the closing NASDAQ share price on October 1, 2008, less a discount of 5%. The Company has filed a registration statement with the Securities and Exchange Commission to register the number of common shares necessary to meet distribution reinvestment elections. read more

Source: Investors Real Estate Trust