POWER REIT (NYSEMKT:PW) Files An 8-K Other Events
Item 8.01 – Declaration of Dividend
On January 29, 2019 the Registrant declared a quarterly dividend of $0.484375 per share on Power REIT’s 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on March 15, 2020 to shareholders of record on February 15, 2020.
Item 8.01 – Other Items
On January 29, 2020, the registrant issued a press release announcing the 2019 Dividend Income Tax Treatment, a copy of which is attached hereto as Exhibit [99.1] and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibits
| 99.1 | Press Release of Power REIT. – 2019 Dividend Income Tax Treatment [Press release dated January 29, 2020] |
Power REIT Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 301 Winding Road Old Bethpage,…
To view the full exhibit click here
About POWER REIT (NYSEMKT:PW)
Power REIT is a real estate investment trust (REIT) that holds, develops, acquires and manages real estate assets related to transportation and energy infrastructure in the United States. The Company, within the transportation and energy infrastructure sectors, is focused on making new acquisitions of real estate that are or will be leased to renewable energy generation projects, such as utility-scale solar farms and wind farms. It is structured as a holding company and owns its assets through its subsidiaries. Its assets include approximately 112 miles of railroad infrastructure and related real estate, which is owned by its subsidiary Pittsburgh & West Virginia Railroad (P&WV) and approximately 601 acres of fee simple land leased to a range of solar power generating projects with an aggregate generating capacity of approximately 108 Megawatts (MW). It is engaged in expanding its portfolio of real estate related to renewable energy generation projects.