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 60% to $0.40 per share of common stock. The dividend represents an annualized dividend of $4.80 per common share.
The increased dividend of $0.40 per share is payable on December 15, 2016 to shareholders of record as of the close of trading on November 30, 2016. The Trustees also declared a $0.40 per share dividend on MRTI’s common stock payable on January 13, 2017, February 15, 2017 and March 15, 2017 to shareholders of record as of the close of trading on December 30, 2016, January 31, 2017 and February 28, 2017, respectively.
A dividend of $0.25 per share payable November 15, 2016 was previously declared for shareholders of record as of October 31, 2016.
MRTI is a real estate investment trust that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Oklahoma, Texas, Florida, Georgia, Louisiana, Mississippi, North Carolina and Kansas. MRTI has ownership interests in 28 multifamily properties (7,313 apartment homes) and has approximately 92,000 square feet of retail 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”).