Power REIT

During the nine months ended September 30, 2026, the Trust did not declare a dividend of approximately $490,000 to holders of Power REIT’s Series A Preferred Stock in order to preserve liquidity. As of November 6, 2026, the amount of unpaid dividends on the outstanding shares of Series A Preferred Stock is approximately $2,611,000. Under the Articles Supplementary to the Trust’s Declaration of Trust relating to the Series A Preferred Stock, holders of the Series A Preferred Stock are entitled to elect two additional trustees to the Board of Trustees upon the occurrence of such dividend arrearages. As stated above, on September 3, 2026 we filed a Preliminary Proxy Statement for the Preferred Stock Amendment to be voted upon at a Special Meeting of Series A Preferred Stockholders and if the Preferred Stock Amendment proposal is not approved, or the Board does not effect the Conversion, the election of Alexander Kachmar and David Cacciapaglia as additional trustees of the Board of Trustees.