Current Report Filing (8-k)
AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the Securities Exchange Act of
of report (Date of earliest event reported): November 25,
name of registrant as specified in its charter)
or other jurisdiction of incorporation)
Employer Identification No.)
Bethpage, NY 11804
of principal executive offices and Zip Code)
telephone number, including area code: (212)
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
communications pursuant to Rule 425 under the Securities Act (17
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
registered pursuant to Section 12(b) of the Act: None
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
growth company [ ]
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
7.01 Regulation FD Disclosure.
November 25, 2019, the Trust issued a press release regarding the
completion of a financing that is intended to provide capital for
acquisition of additional properties on an accretive basis. A copy
of the press release is attached hereto as Exhibit 99.1. The
information contained in Item 7.01 of this report, including
Exhibit 99.1, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of that
section. Such information shall not be incorporated by reference
into any filing of the Trust, whether made before or after the date
hereof, regardless of any general incorporation language in such
8.01 – Announcement of Financing Activity
November 25, 2019, Power REIT, through a newly formed subsidiary,
completed a financing that is intended to provide capital for
acquisition of additional properties on an accretive basis. The
financing is in the form of long-term fixed rate bonds with gross
proceeds of $15,500,000. The bonds carry a fixed interest rate of
4.62% and fully amortize over the life of the financing which
matures in 2054 (35 years). Power REIT intends to use the proceeds
to expand its portfolio of income producing properties.
9.01 Financial Statements and Exhibits.
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
November 25, 2019
David H. Lesser
of the Board and Chief Executive Officer