Power REIT Announces 2020 Dividend Income Tax Treatment
January 29 2021 - 4:42PM
Power REIT ("Power REIT," "we," "our," or the "Company;" NYSE
American: PW and PW.PRA), today announced the estimated Federal
income tax treatment of the Company's 2020 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, 2020 is
shown in the table below:
Record Date |
|
Payable Date |
|
Total
Distribution Per Share |
|
|
Ordinary
Income Per Share |
|
|
Return
ofCapital Per Share |
|
|
Capital
Gain Per Share |
|
2/15/20 |
|
3/15/20 |
|
$ |
0.484375 |
|
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.00 |
|
5/15/20 |
|
6/15/20 |
|
$ |
0.484375 |
|
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.00 |
|
8/15/20 |
|
9/15/20 |
|
$ |
0.484375 |
|
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
0.00 |
|
11/15/20 |
|
12/15/20 |
|
$ |
0.484375 |
|
|
$ |
0.484375 |
|
|
$ |
0.0 |
|
|
$ |
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 (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 real estate investment trust (REIT) 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.
CAUTIONARY STATEMENT ABOUT
FORWARD-LOOKING STATEMENTS
This release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. In some cases, forward-looking statements can
be identified by terminology such as "may," "should," "potential,"
"continue," "expects," "anticipates," "intends," "plans,"
"believes," "estimates," and similar expressions. These
forward-looking statements are based on management's expectations
and assumptions as of the date of this press release and are
subject to a number of risks and uncertainties, many of which are
difficult to predict that could cause actual results to differ
materially from current expectations and assumptions from those set
forth or implied by any forward-looking statements. Important
factors that could cause actual results to differ materially from
current expectations include, among others, the Company’s ability
to raise capital through the Rights Offering as planned, the
Company’s ability to position itself for future profitability, the
Company’s ability to maintain compliance with the NYSE-AMEX listing
requirements, and the other factors discussed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2019 and
the Company’s subsequent filings with the SEC, including subsequent
periodic reports on Forms 10-Q and 8-K. The information in this
release is provided only as of the date of this release, and we
undertake no obligation to update any forward-looking statements
contained in this release on account of new information, future
events, or otherwise, except as required by law.
Additional information about Power REIT can be found on its
website: www.pwreit.com.
Investor Relations:ir@pwreit.com
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