NORTH KANSAS CITY, MO – Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust with corporate headquarters located in North Kansas City, MO, announced today that the Board of Trustees approved an increase in the regular monthly cash dividend of 20% to $0.60 per share of common stock. The dividend represents an annualized dividend of $7.20 per common share.
The increased dividend of $0.60 per share is payable on July 13, 2018 to shareholders of record as of the close of trading on June 29, 2018. The Trustees also declared a $0.60 per share dividend on MRTI’s common stock payable on August 15, 2018 to shareholders of record as of the close of trading on July 31, 2018.
A dividend of $0.50 per share payable June 15, 2018 was previously declared for shareholders of record as of May 31, 2018.
MRTI is a real estate investment trust that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Alabama, Arkansas, Florida, Georgia, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma and Texas. MRTI has ownership interests in 35 multifamily properties consisting of 9,386 apartment homes) and has approximately 264,000 square feet of commercial space. MRTI’s common stock is quoted on the OTC Pink market tier of the OTC Market, which operates an interdealer quotation system and electronic messaging service, called OTC Link®, for broker-dealers to trade OTC equity securities. Additional information about MRTI may be found at www.otcmarkets.com (symbol “MRTI”).
Media contact: Kelly Johnson, 816-805-5659, kjohnson@maxusprop.com
Investors contact: DeAnn Totta, 816-877-0812, dtotta@maxusprop.com