SUBSEQUENT EVENTS

12 Months Ended

Apr. 30, 2017

NOTE 21 • SUBSEQUENT EVENTS

Common and Preferred Share Distributions. On June 5, our Board of Trustees declared the following distributions:


	Quarterly Amount
Class of shares/units	per Share or Unit		Record Date	Payment Date
Common shares and limited partnership units	$	0.0700	June 22, 2017	July 3, 2017
Preferred shares:
Series B	$	0.4968	June 22, 2017	June 30, 2017

Completed Acquisition. On May 26, 2017, we closed on the acquisition of a 191-unit multifamily property in St. Paul, MN for a purchase price of $61.5 million, paid in cash. The purchase price accounting is incomplete for this acquisition.

Completed Disposition. On May 15, 2017, we sold a retail property in Minot, ND for a sales price of $3.4 million.

Pending Disposition. On June 19, 2017, we signed an agreement to sell a healthcare property in Eagan, MN for a sales price of $2.1 million. This pending disposition is subject to various closing conditions and contingencies, and no assurances can be given that the transaction will be completed on the terms currently expected, or at all.