CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03
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Material Modification to Rights of Security Holders.
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Company) filed Articles Supplementary (the Articles
Supplementary) with the Department of Assessments and
Taxation of the State of Maryland (SDAT), which Articles
Supplementary were effective on filing, classifying 32,200
authorized but unissued shares of the Companys Preferred Stock,
par value $.001 per share, as 7.375% Series A Cumulative
Redeemable Preferred Stock with a stated value per share of
$2,500.00 (the Series A Preferred Stock). After giving
effect to the Articles Supplementary, the Company is authorized
to issue 55,200 shares of Series A Preferred Stock.
offering of 2,800,000 depositary shares, each representing
1/100th of a share of the Series A Preferred Stock with a
liquidation preference of $25.00 per depositary share and at a
public offering price of $25.00, to the underwriting agreement
filed as an exhibit to the Company’s Current Report on Form 8-K
filed on April 12, 2017 (the Preferred Stock Offering).
the Preferred Stock Offering have terms identical to the 22,500
shares of Series A Preferred Stock originally issued by the
Company on January 27, 2015 and February 5, 2015 and provided for
by the Articles Supplementary filed by the Company with SDAT on
January 26, 2015 and filed as Exhibit 3.1 to the Companys
Registration Statement on Form 8-A on January 26, 2015.
qualified in its entirety by reference to the Articles
Supplementary, which is incorporated by reference as Exhibit 3.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
| Item 5.03. |
Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year. |
herein by reference.
| Item 7.01. |
Regulation FD Disclosure.
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the closing of the previously-announced Preferred Stock Offering.
The Company plans to use the net proceeds from the Preferred
Stock Offering to repay indebtedness under the Companys credit
facility and/or for general corporate purposes. That press
release is furnished as Exhibit 99.1 hereto and is incorporated
herein by reference.
| Item 9.01 |
Financial Statements and Exhibits.
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| (d) |
Exhibits
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| 3.1 |
Articles Supplementary, dated April 12, 2017,
Establishing and Fixing the Rights and Preferences of the Registrants 7.375% Series A Cumulative Redeemable Preferred Stock. |
| 99.1 |
Press Release announcing Closing of Offering of Series A
Cumulative Redeemable Preferred Stock, dated April 18, 2017 |
About CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)
CorEnergy Infrastructure Trust, Inc. is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets. The Company owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, which is a subsea, crude oil pipeline system in the Gulf of Mexico; Pinedale Liquids Gathering System, which consists of approximately 150 miles of pipelines; Portland Terminal Facility, which is a rail and marine facility property; MoGas Pipeline System, which delivers natural gas to both investor-owned and municipal local distribution systems, and Omega Pipeline, which provides natural gas marketing services. CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) Recent Trading Information
CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) closed its last trading session up +0.40 at 35.74 with 72,507 shares trading hands.