0000798359-12-000110.txt : 20121205 0000798359-12-000110.hdr.sgml : 20121205 20121205163224 ACCESSION NUMBER: 0000798359-12-000110 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121205 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121205 DATE AS OF CHANGE: 20121205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35624 FILM NUMBER: 121243810 BUSINESS ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 8-K 1 iretform8klisting-12052012.htm IRET FORM 8-K CURRENT REPORT





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
December 5, 2012

INVESTORS REAL ESTATE TRUST
(Exact name of registrant as specified in its charter)
North Dakota
0-14851
45-0311232
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

1400 31st Avenue, SW, Suite 60
Minot, ND 58701
(Address of principal executive offices, including zip code)
(701) 837-4738
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 
 
 
 
 

ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule; Transfer of Listing.
On December 5, 2012, Investors Real Estate Trust (the "Company") provided written notice to the NASDAQ Stock Market, LLC that the Company intends to voluntarily delist its common shares of beneficial interest, no par value per share (the "Common Shares") and its 8.25% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, no par value per share (the "Series A preferred shares") from the NASDAQ Global Select Market (the "NASDAQ"), and intends to transfer the listing of the Common Shares and the Series A preferred shares to the New York Stock Exchange ("NYSE"). The Common Shares and Series A preferred shares have been approved for listing on the NYSE. The Company expects the last day of trading of the Common Shares and Series A preferred shares on NASDAQ to be December 17, 2012, and expects the Common Shares and Series A preferred shares to begin trading on the NYSE as of December 18, 2012, under the symbols "IRET" and "IRET PR," respectively. Until they begin trading on the NYSE, the Common Shares and the Series A preferred shares will remain trading on the NASDAQ.
 
A copy of the press release announcing the anticipated transfer of the listing of the Company's common shares and Series A preferred shares from the NASDAQ to the NYSE is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 9.01                          Financial Statements and Exhibits.

(d)            Exhibits

Exhibit No.
Description
99.1
Press Release issued December 5, 2012 regarding transfer of listing to the NYSE

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
INVESTORS REAL ESTATE TRUST
 
 
 
By: /s/  Timothy P. Mihalick
 
Timothy P. Mihalick
 
President & Chief Executive Officer

 
 
 
 
Date: December 5, 2012


Exhibit Index
Exhibit No.
Description
99.1
Press Release issued December 5, 2012 regarding transfer of listing to the NYSE



EX-99.1 2 iretexhibit991-12052012.htm PRESS RELEASE ISSUED DECEMBER 5, 2012 REGARDING TRANSFER OF LISTING TO THE NYSE

Exhibit 99.1


Investors Real Estate Trust to transfer listing to the New York Stock Exchange
Minot, North Dakota –December 5, 2012. Investors Real Estate Trust (NASDAQ: IRET; NASDAQ: IRETP; NYSE: IRET PRB) announced today that it plans to transfer the listing of its common shares of beneficial interest, no par value per share (the "Common Shares") and 8.25% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, no par value per share (the "Series A Preferred Shares") from the NASDAQ Global Select Market ("NASDAQ") to the New York Stock Exchange ("NYSE"). The Common Shares and Series A Preferred Shares have been approved for listing on the NYSE, and the Company expects the Common Shares and Series A Preferred Shares to begin trading on the NYSE on December 18, 2012, under the ticker symbols "IRET" and "IRET PR", respectively. IRET's 7.95% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, no par value per share, are currently listed and trading on the NYSE under the symbol "IRET PRB". The Common Shares and Series A Preferred Shares will continue to trade on the NASDAQ until the transfer is completed.
Timothy P. Mihalick, IRET's President and Chief Executive Officer, said, "We are pleased to join the significant majority of our real estate investment trust peers who are listed on the NYSE. We believe a listing on the NYSE will increase our visibility within the REIT investment community, consistent with our goal to create value for our shareholders." Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext, commented, "We're thrilled with the decision by Investors Real Estate Trust to join the NYSE REIT community. Our outstanding market quality and liquidity, innovative array of issuer services, and global visibility platform will greatly benefit the company and its shareholders.   We look forward to this exciting partnership."
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities and Exchange Act of 1934 as amended. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects", "believes", "intends", "anticipates", "plans", "estimates", "potential", "possible", or "probable" or statements that certain actions, events or results "may", "will", "should", or "could" be taken, occur or be achieved. For example, the delisting from the NASDAQ and listing on the NYSE of the Company's shares may not occur within the expected timeframe due to factors beyond the Company's control. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. The Company has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.
About Investors Real Estate Trust
Investors Real Estate Trust is an equity real estate investment trust.  Its business consists of owning and operating income-producing multi-family residential and commercial properties located primarily in the upper Midwest.  Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis and St. Cloud, Minnesota.
###
Contact:
Lindsey Knoop Anderson
Director of Investor Relations
1400 31st Ave SW, Suite 60
PO Box 1988
Minot, North Dakota 58702-1988
phone: 701.837.4738
fax: 701.838.7785
email:landerson@iret.com