CorEnergy Infrastructure Trust Inc.
Description
The company's Board of Directors has authorized a repurchase program for the company to buy up to the remaining amount outstanding of its 7.00% convertible senior notes due 2020, and up to $5 million of its common stock and 7.375% Series A cumulative redeemable preferred stock. The company plans to repurchase notes or shares from time to time through open market transactions, including through block purchases, in privately negotiated transactions or otherwise. The timing, manner, price and amount of any repurchases are to be determined by senior management, depending on market prices and other conditions.