Power REIT Announces 2019 Dividend Income Tax Treatment
January 29 2020 - 4:10PM
Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE
American: PW), today announced the estimated Federal income tax
treatment of the Company's 2019 distributions on its 7.75% Series A
Preferred Stock (CUSIP # 73933H200).
The Federal income tax classification of the
distribution per share on the Company's 7.75% Series A Preferred
Stock with respect to the calendar year ended December 31, 2019 is
shown in the table below:
Record
Date |
|
Payable
Date |
|
Total
Distribution Per Share |
|
|
Ordinary Income Per Share |
|
|
Return
of Capital Per Share |
|
|
Capital
Gain Per Share |
|
2/15/19 |
|
3/15/19 |
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.484375 |
|
|
$ |
0.00 |
|
5/15/19 |
|
6/15/19 |
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.484375 |
|
|
$ |
0.00 |
|
8/18/19 |
|
9/15/19 |
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.484375 |
|
|
$ |
0.00 |
|
11/15/19 |
|
12/15/19 |
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.484375 |
|
|
$ |
0.00 |
|
Nothing contained herein or therein should be
construed as tax advice. Consult your tax advisor for more
information. Furthermore, you may not rely upon any information
herein or therein for the purpose of avoiding any penalties that
may be imposed under the Internal Revenue Code.
Stockholders are encouraged to consult with
their own tax advisors as to their specific tax treatment of the
Company's distributions.
About Power REIT
Power REIT is a Maryland-domiciled real estate
investment trust that owns real estate related to infrastructure
assets including properties for Controlled Environment Agriculture,
Renewable Energy and Transportation. Power REIT is actively seeking
to expand its real estate portfolio related to Controlled
Environment Agriculture and Renewable Energy. The Company focuses
on providing capital that generate long-term, recurring and
predictable cash flows with an attractive risk adjusted return.
Forward Looking Statements
Some of the information in this press release
contains forward-looking statements and within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. When used
in this press release, words such as "believe," "expect,"
"anticipate," "estimate," "plan," "continue," "intend," "should,"
"may," "target," or similar expressions, are intended to identify
such forward-looking statements. Forward-looking statements are
subject to significant risks and uncertainties. Investors are
cautioned against placing undue reliance on such statements. Actual
results may differ materially from those set forth in the
forward-looking statements. Factors that could cause actual results
to differ materially from those described in the forward-looking
statements include those discussed under the caption "Risk Factors"
included in our Annual Report on Form 10-K for our fiscal year
ended December 31, 2018, which was filed with the U.S. Securities
and Exchange Commission ("SEC"), as well as in other reports that
we file with the SEC.
Forward-looking statements are based on beliefs,
assumptions and expectations as of the date of this press release.
We disclaim any obligation to publicly release the results of any
revisions to these forward-looking statements reflecting new
estimates, events or circumstances after the date of this press
release.
Contact Informationwww.pwreit.com301 Winding
RoadOld Bethpage, NY 11804212-750-0371
Investor Relations 212 750-0371
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