CorEnergy rises on potential sale of two units

Corenergy Infrastructure Trust

22/03/2023 13:12

** Shares of energy-focused real estate investment trust 
CorEnergy Infrastructure Trust Inc  CORR.N  up 14% at $1.47
premarket
    ** Co says it expects to sell its MoGas and Omega systems by
early Q3 2023
    ** "We anticipate net proceeds from the sale of our MoGas
and Omega systems will be sufficient to repay our bank facility
in full," says CEO Dave Schulte
    ** Co is also pursuing the sale of underutilized real
estate, Schulte adds
    ** MoGas is a natural gas pipeline system and Omega
distributes gas in Missouri
    ** Up to last close, stock has fallen 38.3% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))