Power REIT Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Power REIT on April 24, 2015. The filing reports corporate governance events, specifically the declaration of a preferred stock dividend and the scheduling of the 2015 annual meeting of shareholders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is the dividend declaration for the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock:
- Dividend Amount: $0.48375 per share
- Payment Date: June 15, 2015
- Record Date: May 15, 2015
Material Changes
No material changes to financial performance or operations are reported in this filing. The document serves solely to announce the dividend and meeting logistics.
Outlook, Risks, and Corporate Events
The Board of Trustees has set the following dates for the 2015 annual meeting of shareholders:
- Meeting Date: June 9, 2015
- Record Date for Voting: May 4, 2015 (close of business)
Shareholders of record will receive separate notice and proxy materials. No specific risks, contingencies, or unusual items are detailed in this report.
Key Facts for Investor Verification
- Verify the record date of May 15, 2015, to ensure eligibility for the $0.48375 preferred dividend.
- Confirm the record date of May 4, 2015, to ensure eligibility to vote at the June 9, 2015, annual meeting.
- Note that this filing contains no operational or financial performance data for the period.