GlobeNewswire Inc | Jan 29, 2021 04:43PM EST

January 29, 2021

Old Bethpage, NY, Jan. 29, 2021 (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 2020 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).

The Federal income tax classification of the distribution per share on the Company's 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2020 is shown in the table below:

ReturnRecord Payable Total Ordinary of CapitalDate Date Distribution Income Capital Gain Per Share Per Share Per Per Share Share2/15/ 3/15/20 $ 0.484375 $ 0.484375 $ 0.0 $ 0.00 205/15/ 6/15/20 $ 0.484375 $ 0.484375 $ 0.0 $ 0.00 208/15/ 9/15/20 $ 0.484375 $ 0.484375 $ 0.0 $ 0.00 2011/15/ 12/15/ $ 0.484375 $ 0.484375 $ 0.0 $ 0.00 20 20

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 (NYSE American: PW) (the Registrant or the Trust, and together with its consolidated subsidiaries, we, us, the Company or Power REIT, unless the context requires otherwise) is a real estate investment trust (REIT) that owns 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.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Companys ability to raise capital through the Rights Offering as planned, the Companys ability to position itself for future profitability, the Companys ability to maintain compliance with the NYSE-AMEX listing requirements, and the other factors discussed in the Companys Annual Report on Form 10-K for the year ended December 31, 2019 and the Companys subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Additional information about Power REIT can be found on its website: www.pwreit.com.

Investor Relations:ir@pwreit.com