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SUBSEQUENT EVENTS | 3 Months Ended
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Jul. 31, 2014
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 12 • SUBSEQUENT EVENTS Common and Preferred Share Distributions. On September 3, 2014, 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 |  | September 15, 2014 |  | October 1, 2014
Preferred shares: |  |  |  |  |
Series A | $0.5156 |  | September 15, 2014 |  | September 30, 2014
Series B | $0.4968 |  | September 15, 2014 |  | September 30, 2014
Completed Disposition. On August 29, 2014, the Company sold the Wirth Corporate Center, a commercial office property in Golden Valley, Minnesota, for a sale price of $4.5 million. Pending Disposition. Subsequent to the end of the first quarter of fiscal year 2015, the Company signed a sales agreement for the disposition of a commercial retail property and adjoining parcel of unimproved land in Kalispell, Montana, for a sales price of $1.9 million. This pending disposition is subject to various closing conditions and contingencies, and no assurances can be given that this transaction will be completed on the terms currently expected, or at all. Insurance Proceeds. Subsequent to the end of the first quarter of fiscal year 2015, the Company received final proceeds of $4.0 million for the 2013 Fire loss at the Chateau Apartments property, which reduced to zero the accounts receivable recorded at the time of the fire for expected proceeds. No gain or loss on involuntary conversion was recorded due to the final settlement of the claim.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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