Investors Real Estate Trust Announces Increase in Regular Quarterly Distribution.Business Editors MINOT Minot (mī`nät), city (1990 pop. 34,544), seat of Ward co., NW N.Dak., on the Souris River; inc. 1887. It is a commercial and transportation center for an extensive agricultural, lignite-mining, and oil-producing region. , N.D.--(BUSINESS WIRE)--March 1, 2004 We are pleased to advise that the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Investors Real Estate Trust (Nasdaq:IRETS IRETS Infantry Remoted Target System ) has declared a regular quarterly distribution of 16.00 cents per share/unit payable on or about April 1, 2004, to shareholders and unitholders of record at the close of business on March 15, 2004. The distribution reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. price will be the closing NASDAQ share price on April 1, 2004, less a discount of 5%. The Company will file a Form S-3D with the Securities and Exchange Commission to register the number of shares necessary to meet the distribution reinvestment elections. This 16.00 cents per share/unit distribution represents the 132nd consecutive quarterly distribution paid by IRET IRET - Return from interrupt since its inception in 1970. This distribution of 16.00 cents per share/unit payable on or about April 1, 2004, represents an increase of .05 cents or .3% over the previous regular quarterly distribution of 15.95 cents per share/unit paid January 26, 2004. |
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