SUBSEQUENT EVENTS

9 Months Ended

Jan. 31, 2015

NOTE 12 • SUBSEQUENT EVENTS

Common and Preferred Share Distributions. On February 13, 2015, the Company's Board of Trustees declared the following distributions:

Class of shares/units	Quarterly Amount per Share or Unit	Record Date	Payment Date
Common shares and limited partnership units	$0.1300	March 16, 2015	April 1, 2015
Preferred shares:
Series A	$0.5156	March 16, 2015	March 31, 2015
Series B	$0.4968	March 16, 2015	March 31, 2015

Completed Dispositions. On February 5, 2015, a joint venture entity in which the Company has an approximately 51% interest sold the Jamestown Medical Office Building, a healthcare property in Jamestown, North Dakota, for a sale price of $12.8 million. On February 27, 2015, the Company sold the Weston Walgreens Retail Community, a retail property in Weston, Wisconsin, for a sale price of $5.3 million. On March 2, 2015, the Company sold Northgate II, an office property in Maple Grove, Minnesota, for a sale price of $2.7 million.