GlobeNewswire·Oct 28, 2026, 4:45 PM ET

Power REIT Adjourns 2026 Annual Meeting to November 10, 2026 to Allow Additional Time for Shareholders to Vote on Proposal 3

PW PW.PRA PW-PA

Power REIT adjourned its 2026 Annual Meeting of Shareholders to November 10, 2026, at 10:30 a.m. Eastern time due to insufficient votes for Proposal 3.
Proposal 3 requires an affirmative vote by a majority of all Common Shares outstanding as of the September 11, 2026 record date, where unvoted shares count as a vote against the proposal.
Institutional Shareholder Services (ISS) recommends voting FOR Proposal 3 to grant the Board flexibility in resolving the Series A Preferred Stock overhang.
Failure to address the Series A Preferred Stock overhang could lead to delisting from the NYSE American, deregistration under the Exchange Act, reduced liquidity, & conversion rights for Preferred Stock holders.
The Board recommends voting FOR Proposal 3 & warns that further adjournments will increase expenses for the Trust & shareholders.
Proxies submitted before the meeting remain valid unless revoked, & shareholders who previously voted need not take further action.
Shareholders may vote via internet at www.proxyvote.com, by telephone at 1-800-690-6903, or by returning the white proxy card.
Brokers cannot vote on Proposal 3 for shareholders without specific instructions from those shareholders.
Shareholders opposing the proposal or needing assistance can contact Power REIT at 212-750-0371 or the proxy solicitor Sodali & Co. at (203) 658-9400.
Power REIT is a specialized REIT focused on sustainable real estate across Controlled Environment Agriculture, Solar Farm Land, Transportation, & single-family rental homes.
The press release includes forward-looking statements regarding meeting timing, vote outcomes, & the potential risks of delisting or capital structure resolution.