CorEnergy falls on suspending dividend payments

Corenergy Infrastructure Trust

06/02/2023 13:55

** Shares of real estate investment trust CorEnergy
Infrastructure Trust Inc  CORR.N  plunge 10.7% in premarket
trading at $1.92
    ** CORR suspends dividend payments on its common stock
 urn:newsml:reuters.com:*:nBwbvXx0Ma
    ** Says dividend suspended due to a combination of declining
volumes and increased costs in California systems
    ** Co also suspends dividend payments on its 7.375% Series A
Cumulative Redeemable Preferred Stock
    ** Stock was down 33% last year
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))