Power REIT Announces 2017 Dividend Income Tax Treatment
January 31 2018 - 4:44PM
Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE
American: PW), today announced the estimated Federal income tax
treatment of the Company's 2017 distributions on its 7.75% Series A
Preferred Stock (CUSIP # 73933H200).
The Federal income tax classification of the
distributions per share on the Company's 7.75% Series A Preferred
Stock with respect to the calendar year ended December 31, 2017 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 |
|
2/15/17 |
|
|
3/15/17 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
5/15/17 |
|
|
6/15/17 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
8/18/17 |
|
|
9/15/17 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
11/15/17 |
|
|
12/15/17 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
|
$ |
0.48375 |
|
|
$ |
0.00 |
|
Nothing contained herein should be construed as
tax advice. Consult your tax advisor for more information.
Furthermore, you may not rely upon any information herein 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 (NYSE American: PW) (the “Registrant”
or the “Trust”, and together with its consolidated subsidiaries,
“we”, “us”, the “Company” or “Power REIT”, unless the context
requires otherwise) is a Maryland-domiciled real estate investment
trust (a “REIT”) that holds, develops, acquires and manages real
estate assets related to transportation and energy infrastructure
in the United States. Within the transportation and energy
infrastructure sectors, Power REIT 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, that have low or minimal technology risk. The Company
focuses on providing capital t that generate long-term, recurring
and predictable cash flows. 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, 2016, 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.
www.pwreit.com
Investor Relations
301 Winding Road
Old Bethpage, NY 11804
212 750-0371
Email: ir@pwreit.com
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