Old Bethpage, NY, Jan. 31, 2018 (GLOBE NEWSWIRE) -- 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
