SUBSEQUENT EVENTS

6 Months Ended

Oct. 31, 2015

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 13 • SUBSEQUENT EVENTS

Common and Preferred Share Distributions. On December3, 2015, our 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	January 4, 2016	January 15, 2016
Preferred shares:
Series A	$	0.5156	December 15, 2015	December 31, 2015
Series B	$	0.4968	December 15, 2015	December 31, 2015

Executed Lease. In November 2015, a new 89-month lease was executed for 143,956 square feet at the Roseville 3075 Long Lake Road property, a newly redeveloped industrial property located in Roseville, MN. The lease accounts for approximately 11.8% of the rentable square footage for our industrial segment.