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SUBSEQUENT EVENTS | 6 Months Ended
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Oct. 31, 2016
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 • SUBSEQUENT EVENTS Common and Preferred Share Distributions. On December 7, 2016, 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 |  | $ | 0.1300 |  | January 3, 2017 |  | January 17, 2017 |
Preferred shares: |  |  |  |  |  |  |  |
Series B |  | $ | 0.4968 |  | December 23, 2016 |  | January 2, 2017 |
Redemption of Preferred A. On September 1, 2016, our Board of Trustees authorized the redemption of some or all of the 8.25% Series A Cumulative Redeemable Preferred Shares (“Preferred A Shares”) from time to time, but no later than by December 31, 2016. On November 1, 2016, we delivered notice to holders of the Preferred A Shares that we intend to redeem all 1,150,000 Preferred A Shares at a redemption price equal to $25.00 per share plus any accrued but unpaid distributions per share up to and including the redemption date of December 2, 2016. On December 2, 2016, we completed the redemption of the Preferred A Shares for an aggregate redemption price of $29.164 million, and such shares are no longer deemed outstanding as of such date.

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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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