ExchangeRight Income Fund creates four new share classes; launches Class D offering at $27.37 with 6.10% yield

ExchangeRight Income Fund

New share classes created: Class D, ER-D, ER-A, ER-S Common Shares; existing Class ER renamed Class ER-I.
Class D offering at $27.37 per share, 6.10% net current yield; no upfront selling commissions; private placement under Rule 506(c).
Timothy Williams appointed Director of Asset Management and Senior Controller, effective June 10, 2025.
Dividend Reinvestment Plan amended to include new share classes and Class D Common Unit holders as eligible participants.
Class D and new ER units/shares subject to mandatory conversion upon listing or merger; optional conversion after 5-7 years.

item 1.01 item 5.03 item 3.03 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Timothy Williams

Director of Asset Management and Senior Controller

ExchangeRight Income Fund

Effective: 2025-06-10
Filed: June 10, 2025, 7:59 PM ET

appointed Timothy Williams to serve as the Director of Asset Management and Senior Controller of the Company, and as such he will serve in the same capacity for the Company, effective June 10, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Williams was appointed as Director of Asset Management and Senior Controller at ExchangeRight Income Fund.

Action: appointed
Role: Director of Asset Management and Senior Controller

Exact text from the filing

appointed Timothy Williams to serve as the Director of Asset Management and Senior Controller of the Company, and as such he will serve in the same capacity for the Company, effective June 10, 2025.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ExchangeRight Income Fund: Approved and adopted the Third Amended and Restated Declaration of Trust, creating four new classes of common shares (Class D, ER-D, ER-A, ER-S) and renaming existing Class ER Common Shares to Class ER-I Common Shares (effective 2025-06-10).

Change: charter amendment
Effective: 2025-06-10

Exact text from the filing

On June 10, 2025, ExchangeRight Income Fund Trustee, LLC (the “ Trustee ”), which is the sole trustee of the Company, approved and adopted the Third Amended and Restated Declaration of Trust of the Company (the “ Amended Declaration of Trust ”), which became effective upon its approval. Pursuant to the Amended Declaration of Trust, the Company (i) classified and designated an unlimited number of shares of four new classes of common shares of beneficial interest, $0.01 par value per share (“ Common Shares ”), of the Company designated as Class D Common Units, Class ER-D Common Units, Class ER-A Common Units, and Class ER-S Common Units, and (ii) renamed the existing Class ER Common Shares ( the “ Legacy Class ER Common Shares ”) as Class ER-I Common Shares.

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59 governance changes filed in the last 30 days. Browse all governance changes →

Source: SEC EDGAR

accession 0000950170-25-084231

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