IRET Announces 2018 Dividend Allocations

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January 23, 2019 4:54 PM EST

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MINNEAPOLIS, Jan. 23, 2019 /PRNewswire/ -- IRET (NYSE: IRET) announced today the final tax treatment (Form 1099-DIV) for calendar year 2018 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their IRET distributions.

Security Description	Record Date	Payable Date	CashDistribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Common Shares CUSIP: 461730509 Symbol: IRET	01/02/18	01/16/18	$0.070000	$0.000000	$0.000000	$0.070000	$0.047634
	03/15/18	04/02/18	$0.070000	$0.000000	$0.000000	$0.070000	$0.047634
	06/15/18	07/02/18	$0.070000	$0.000000	$0.000000	$0.070000	$0.047634
	09/17/18	10/01/18	$0.070000	$0.000000	$0.000000	$0.070000	$0.047634
TOTALS			$0.280000	$0.000000	$0.000000	$0.280000	$0.190536

Security Description	Record Date	Payable Date	CashDistribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Series CPreferred Shares CUSIP: 461730400 Symbol: IRETPRC	03/15/18	04/02/18	$0.4140625	$0.000000	$0.000000	$0.4140625	$0.281765
	06/15/18	07/02/18	$0.4140625	$0.000000	$0.000000	$0.4140625	$0.281765
	09/17/18	10/01/18	$0.4140625	$0.000000	$0.000000	$0.4140625	$0.281765
	12/17/18	12/31/18	$0.4140625	$0.000000	$0.000000	$0.4140625	$0.281765
TOTALS			$1.6562500	$0.000000	$0.000000	$1.6562500	$1.127060

IRET's common shares started trading under a new CUSIP number (461730509) upon the execution of IRET's 1-for-10 reverse stock split, which became effective as of the close of trading on December 27, 2018.

About IRET

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. IRET owns interests in 87 communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: "IRET" and "IRET PRC," respectively). IRET's press releases and supplemental information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.

Contact Information

Jonathan BishopVice President – FinancePhone: 701-837-7104E-mail: [email protected]

IRET logo (PRNewsfoto/IRET)