Power REIT (PW) investor discloses 8.71% stake and unpaid preferred dividends

Rhea-AI Filing Summary

Power REIT has a significant holder of its Series A Cumulative Redeemable Perpetual Preferred Stock. Saquib Fasih Toor reports beneficial ownership of 29,330 preferred shares, representing approximately 8.71% of this class, which carries a $25.00 per share liquidation preference.

He has sole voting and dispositive power over 6,183 shares held in individual brokerage accounts and shared voting and dispositive power over 23,147 shares held by his spouse, Dalia Mahmoud. The Series A Preferred was generally non-voting, but because dividends have been suspended since December 2022 and not paid for six quarterly periods, holders gained the right to elect two additional trustees; those voting rights vested on June 15, 2024. The filing is made in connection with this change in voting rights.

Positive

• None.

Negative

• Dividends on Series A Preferred Stock have been suspended since December 2022, and six quarterly dividends remained unpaid, triggering special voting rights for preferred holders.

Key Figures

Preferred Shares Owned: 29,330 shares Ownership Percentage: Approximately 8.71% Liquidation Preference: $25.00 per share +5 more

8 metrics

Preferred Shares Owned 29,330 shares Beneficial ownership of Series A Preferred Stock

Ownership Percentage Approximately 8.71% Percent of Series A Preferred Stock class

Liquidation Preference $25.00 per share Series A Cumulative Redeemable Perpetual Preferred Stock

Sole Voting/Dispositive Power 6,183 shares Shares held in individual brokerage accounts

Shared Voting/Dispositive Power 23,147 shares Shares held by spouse with shared household

Unpaid Quarterly Dividends Six quarterly periods Number of unpaid Series A Preferred dividends before voting rights vested

Common Shares Owned 282 shares Beneficial ownership of Power REIT common stock

Voting Rights Vesting Date June 15, 2024 Date special voting rights for Series A Preferred vested

Key Terms

Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference, beneficially owns, non-voting class of securities, +1 more

5 terms

Series A Cumulative Redeemable Perpetual Preferred Stock financial

"Title of class of securities: Series A Cumulative Redeemable Perpetual Preferred Stock"

liquidation preference financial

"Liquidation Preference $25.00 per Share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

beneficially owns financial

"The Reporting Person also beneficially owns 282 shares of the Issuer's Common Stock"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

non-voting class of securities financial

"The Series A Preferred Stock is a non-voting class of securities except for the limited voting rights"

Articles Supplementary regulatory

"limited voting rights described in the Issuer's Articles Supplementary and prospectus"

Additional provisions added to a company’s formal rulebook that change or expand how the company is governed, how shares behave, or how decisions are made. Think of them as extra house rules that can alter voting power, dividend rights, or how shares are issued and transferred; investors care because these changes can affect ownership control, potential returns, and the value or liquidity of their holdings.

FAQ

How many Power REIT (PW) Series A Preferred shares does Saquib Fasih Toor own?

Saquib Fasih Toor beneficially owns 29,330 shares of Power REIT’s Series A Cumulative Redeemable Perpetual Preferred Stock, representing approximately 8.71% of that preferred class.

What is the liquidation preference of Power REIT (PW) Series A Preferred Stock?

Power REIT’s Series A Cumulative Redeemable Perpetual Preferred Stock carries a liquidation preference of $25.00 per share, meaning holders are entitled to that amount per share before common equity in a liquidation.

How are Saquib Fasih Toor’s Power REIT (PW) preferred shares held?

He has 6,183 shares over which he has sole voting and dispositive power in his brokerage accounts, and 23,147 shares over which he shares voting and dispositive power with his spouse.

Why did voting rights vest for Power REIT (PW) Series A Preferred holders?

Voting rights vested after six quarterly dividends on the Series A Preferred Stock went unpaid. This triggered the right to elect two additional trustees, effective June 15, 2024.

Has Power REIT (PW) suspended dividends on its Series A Preferred Stock?

Yes. Power REIT suspended dividends on the Series A Preferred Stock in December 2022, and six quarterly dividends remained unpaid, leading to special voting rights for preferred holders.

Does Saquib Fasih Toor own any Power REIT (PW) common stock?

Yes. In addition to his preferred holdings, Saquib Fasih Toor beneficially owns 282 shares of Power REIT common stock, which are not the subject class of this Schedule 13G.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/10/2026 - 06:57 PM Accepted by SEC EDGAR 08/10/2026 - 06:56 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Power REIT

(Name of Issuer)

Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25.00 per Share

(Title of Class of Securities)

73933H200

(CUSIP Number)

06/15/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 73933H200

1

Names of Reporting Persons

Toor Saquib Fasih

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,183.00
6	Shared Voting Power 23,147.00
7	Sole Dispositive Power 6,183.00
8	Shared Dispositive Power 23,147.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

29,330.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Power REIT
(b)	Address of issuer's principal executive offices: 301 WINDING ROAD, OLD BETHPAGE, NEW YORK, 11804.
Item 2.
(a)	Name of person filing: Saquib Fasih Toor
(b)	Address or principal business office or, if none, residence: 903 Queens Lane, Glenview, IL 60025
(c)	Citizenship: United States
(d)	Title of class of securities: Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25.00 per Share
(e)	CUSIP Number(s): 73933H200
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 29,330 shares of Series A Preferred Stock.
(b)	Percent of class: Approximately 8.71%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,183
	(ii) Shared power to vote or to direct the vote: 23,147
	(iii) Sole power to dispose or to direct the disposition of: 6,183
	(iv) Shared power to dispose or to direct the disposition of: 23,147 The 6,183 shares over which the Reporting Person holds sole power are held in his individual brokerage accounts. The 23,147 shares over which the Reporting Person holds shared power are held by his spouse, Dalia Mahmoud, with whom he shares a household. The Reporting Person also beneficially owns 282 shares of the Issuer's Common Stock, which are not the subject class of this statement. The Series A Preferred Stock is a non-voting class of securities except for the limited voting rights described in the Issuer's Articles Supplementary and prospectus. If dividends on the Series A Preferred Stock have not been paid for six or more quarterly periods (whether or not consecutive), holders of the Series A Preferred Stock become entitled to vote for the election of two additional trustees until all accrued and unpaid dividends have been paid or declared and set apart for payment. The Issuer suspended dividends on the Series A Preferred Stock in December 2022 and, following the failure to pay dividends for six quarterly periods, these voting rights vested on June 15, 2024, the payment date for the sixth unpaid quarterly dividend. Because the Series A Preferred Stock was a non-voting class prior to the vesting of such voting rights, the Reporting Person was not required to file a statement pursuant to Section 13(d) or Section 13(g) of the Act with respect to this class before that time. This statement is being filed in connection with the vesting of such voting rights.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Toor Saquib Fasih

Signature:	/s/ Saquib Fasih Toor
Name/Title:	Saquib Fasih Toor, Individual (Reporting Person)
Date:	08/06/2026