dividend
confidence high
sentiment neutral
materiality 0.20
Power REIT declares $0.484375 preferred dividend; 2021 distributions all ordinary income
Power REIT
- Quarterly dividend of $0.484375 per share on 7.75% Series A Preferred Stock declared, payable March 15, 2022 to holders of record Feb 15, 2022.
- Tax treatment for 2021: total distributions of $1.9375 per share classified entirely as ordinary income, no return of capital or capital gains.
- Press release with detailed tax allocation table furnished as Exhibit 99.1.