other material
confidence high
sentiment neutral
materiality 0.65
Centerspace declares $0.75 quarterly div, redeems Series C Preferred $98.64M via ATM
CENTERSPACE
- Quarterly common dividend of $0.75/share payable Oct 10, 2024 to holders of record Sept 30.
- Series C Preferred redeemed on Sept 30 at $25/share plus accrued dividend, total ~$98.64M.
- Funding via ATM program; year-to-date ~1.36M common shares issued for ~$97.28M.
- CFO says redemption simplifies balance sheet and increases share liquidity non-dilutively.