Power REIT: About 37% back preferred voting change
Because unvoted shares count the same as votes against, approximately 37% of outstanding shares had voted for the proposal by October 22.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Power REIT asks shareholders to vote FOR Proposal 3 at its October 27, 2026 annual meeting. Approval requires an affirmative vote from a majority of all 367,120 Common Shares outstanding on the September 11, 2026 record date. As of October 22, approximately 37% of outstanding Common Shares had voted FOR; unvoted shares have the same effect as votes against.
Proposal 3 would let Series A Preferred Stock holders, voting as a separate class, approve amendments to the Series A Articles Supplementary without an additional common-shareholder vote. The Board recommends FOR and says approval may help preserve the Trust’s NYSE American listing and ability to raise capital. If votes remain insufficient, the Board may adjourn the meeting; submitted proxies remain valid unless revoked.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- None.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.Proposal 3 would permit amendments without an additional common-shareholder vote; potential dilution is cited as a risk.
Key Figures
Key Terms
Series A Articles Supplementary regulatory
separate class regulatory
record date regulatory
adjourn technical
Compensation Summary
- Proposal 3 would allow Series A Preferred Stock holders, voting as a separate class, to approve amendments to the Series A Articles Supplementary without an additional common-shareholder vote.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What would Proposal 3 let Power REIT do?
Can Power REIT adjourn its annual meeting if Proposal 3 lacks enough votes?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
| Filed by the Registrant | ☒ | |
| Filed by a party other than the Registrant | ☐ |
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under § 240.14a-12 |
Power REIT
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
301 Winding Road Old Bethpage, NY 11804 212-750-0371 http://www.pwreit.com/ |
 |
October 22, 2026
Your Vote Is Very Important: Please Vote Before the Annual Meeting Scheduled for October 27, 2026
Dear Fellow Shareholder:
Power REIT’s 2026 Annual Meeting of Common Shareholders is scheduled for October 27, 2026 at 10:30 a.m. Eastern time at 477 Madison Avenue, New York, New York 10022. We write because we have not yet received enough votes on Proposal 3 to approve it, and we ask for your help.
Independent support. Institutional Shareholder Services (ISS), the leading independent proxy advisory firm, has recommended that shareholders vote FOR Proposal 3. ISS concluded that approval would give the Board added flexibility to resolve the Series A Preferred Stock overhang while the Trust remains listed on the NYSE American and registered under the Exchange Act.
What is required. Approval of Proposal 3 requires the affirmative vote of a majority of all Common Shares outstanding on the record date, September 11, 2026. That standard is measured against all 367,120 outstanding Common Shares, not only the shares that vote. As a result, a share that is not voted has the same effect as a vote against Proposal 3.
Where the vote stands. As of October 22, 2026, holders of approximately 37% of the outstanding Common Shares had voted in favor of Proposal 3. More than 50% of the outstanding shares must vote in favor for the proposal to be approved.
Why Proposal 3 matters. Proposal 3 would allow Power REIT to amend the Series A Articles Supplementary based on a vote of holders of the Series A Preferred Stock, voting as a separate class without an additional vote of the common shareholders. The Board believes that approval preserves flexibility to address the Trust’s capital structure, may help preserve its NYSE American listing and its ability to raise capital, and avoids the cost and delay of a second common shareholder vote. Please read the proxy statement dated September 16, 2026, including its discussion of risks such as potential dilution, before you vote.
Our plan for October 27. The Board of Trustees recommends that you vote FOR Proposal 3. If we have not received sufficient votes by the time of the meeting, the Board may adjourn it to a later date, as described in the proxy statement, so that shareholders have additional time to vote. The record date will not change. Proxies already submitted will remain valid and will be voted at the adjourned meeting unless revoked. Shareholders who have already voted do not need to take any further action, and you do not need to attend the meeting in person.
How to vote. Please vote today by internet at www.proxyvote.com, by telephone at 1-800-690-6903, or by returning the white proxy card or voting instruction form you received. If your shares are held through a bank or broker, please follow the instructions on your voting instruction form, because your broker cannot vote your shares on Proposal 3 without your instructions. If you have voted previously, you may change your vote at any time before the polls close by submitting a later-dated proxy or voting instruction.
If you have questions or need assistance voting, please contact our proxy solicitor, Sodali & Co., at (203) 658-9400 or PW@investor.sodali.com.
Thank you for your continued support of Power REIT.
Sincerely,
David H. Lesser
Chairman and CEO