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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Nov. 28, 3:18 AM

Slide #25. CorEnergy Infrastructure Trust, Inc. Secondary Offering

Company: CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)
Date announced: 11/17/2014
Shares Offered: 13,000,000
Date of Pricing: 11/18/2014
Price Per Share: $6.80
Secondary Offering Details: CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) ("CorEnergy") today announced that it intends to offer, subject to market and other conditions, 13,000,000 shares of its common stock in an underwritten public offering. CorEnergy also intends to allow the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of the common stock, at the public offering price, less the underwriting discount. - updated 11/19 - CorEnergy Infrastructure Trust, Inc. ("CorEnergy") (NYSE:CORR) today announced the pricing of its previously announced underwritten public offering. CorEnergy has agreed to sell 13,000,000 shares of its common stock at a purchase price of $6.80 per share. The gross proceeds of the offering are expected to be $88,400,000, before underwriting discounts and other estimated offering expenses. CorEnergy has granted the underwriters a 30-day option to purchase up to an aggregate of 1,950,000 additional shares of common stock. The offering is expected to close on or about November 24, 2014, subject to customary closing conditions.

Corenergy Infrastructure Trust is a real estate investment trust. Co. is focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector and entering into long-term triple net participating leases with energy companies. Co. also may provide other types of capital, including loans secured by energy infrastructure assets. Targeted assets include pipelines, storage tanks, transmission lines and gathering systems, among others. Co. is externally managed by its manager, Corridor InfraTrust Management, LLC.
Open the CORR Page at The Online Investor »

Company Name:  Corenergy Infrastructure Trust Inc
Website:  www.corenergy.corridortrust.com
Sector:  REITs
Number of ETFs Holding CORR:  17
Total Market Value Held by ETFs:  $6.32M
Total Market Capitalization:  $218.00M
% of Market Cap. Held by ETFs:  2.90%
 

Open the CORR Page at The Online Investor (in a new window) »

November 28, 2014    3:18 AM Eastern
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