Power REIT Announces 2021 Dividend Income Tax Treatment
Power REIT announced the estimated Federal income tax treatment for its 2021 distributions on the 7.75% Series A Preferred Stock (PW.PRA). The total distribution per share was $0.484375, categorized entirely as ordinary income. Record dates were on February 15, May 15, August 15, and November 15, with payable dates following a month later. Shareholders are advised to consult their tax advisors regarding tax treatment. Power REIT focuses on sustainable real estate related to agriculture, energy, and transportation.
- Total distribution per share of $0.484375 categorized as ordinary income.
- Commitment to sustainable real estate investments in agriculture and renewable energy.
- None.
Old Bethpage, NY, Jan. 28, 2022 (GLOBE NEWSWIRE) -- 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 2021 distributions on its
The Federal income tax classification of the distribution per share on the Company's
| Record Date | Payable Date | Total Distribution Per Share | Ordinary Income Per Share | Return of Capital Per Share | Capital Gain Per Share |
| 2/15/21 | 3/15/21 | ||||
| 5/15/21 | 6/15/21 | ||||
| 8/15/21 | 9/15/21 | ||||
| 11/15/21 | 12/15/21 | ||||
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, with a focus on the “Triple Bottom Line” and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable 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 in the form of greenhouses for the cultivation of food and cannabis.
Additional information about Power REIT can be found on its website: www.pwreit.com
Cautionary Statement about Forward-Looking Statements
This document includes forward-looking statements within the meaning of the U.S. securities laws. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words “believe,” “expect,” “will,” “anticipate,” “intend,” “estimate,” “project,” “plan,” “assume”, “seek” or other similar expressions, or negatives of those expressions, although not all forward-looking statements contain these identifying words. All statements contained in this document regarding our future strategy, future operations, future prospects, the future of our industries and results that might be obtained by pursuing management’s current or future plans and objectives are forward-looking statements. You should not place undue reliance on any forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our forward-looking statements are based on the information currently available to us and speak only as of the date of the filing of this document. Over time, our actual results, performance, financial condition or achievements may differ from the anticipated results, performance, financial condition or achievements that are expressed or implied by our forward-looking statements, and such differences may be significant and materially adverse to our security holders.
Contact:
| David H. Lesser, Chairman & CEO | Mary Jensen, Investor Relations |
| dlesser@pwreit.com | mary@irrealized.com |
| 212-750-0371 | 310-526-1707 |
| 301 Winding Road Old Bethpage, NY 11804 | |
| www.pwreit.com |
FAQ
What is the distribution amount for Power REIT's Series A Preferred Stock in 2021?
When are the record and payable dates for Power REIT's 2021 distributions?
Is the distribution classified as ordinary income or capital gain?
How often does Power REIT pay dividends on its Series A Preferred Stock?
Where can I find more information about Power REIT's tax treatment of distributions?
