Current Report Filing (8-k)
27 Janeiro 2016 - 9:21AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): January 26, 2016
Power
REIT
(Exact
name of registrant as specified in its charter)
Maryland
(State
or other jurisdiction of incorporation)
000-54560
(Commission
File Number)
45-3116572
(IRS
Employer Identification No.)
301
Winding Road
Old
Bethpage, NY 11804
(Address
of principal executive offices and Zip Code)
Registrant’s
telephone number, including area code: (212) 750-0371
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ] |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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[ ] |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION
8: OTHER EVENTS
Item
8.01 – Litigation Update
As
previously disclosed in its public filings with the SEC, Power REIT and its wholly-owned subsidiary Pittsburgh & West Virginia
Railroad (“P&WV”) have been engaged in litigation with Norfolk Southern Corporation (“NSC”) and NSC’s
sub-lessee, Wheeling & Lake Erie Railroad (“WLE” and, together with NSC, the “Litigants”) concerning
matters arising under the Railroad Lease between P&WV and NSC. The case has been pending in Federal district court in Pittsburgh,
Pennsylvania (the “Court”).
On
January 26, 2016, Power REIT P&WV filed a Notice of Appeal to appeal the matter to the United States Court of Appeals for
the Third Circuit.
P&WV
has provided key court filings (including the court filing referenced herein) in the litigation on Power REIT’s website
(www.pwreit.com) under a tab called “P&WV Litigation Update” which is under the “Investor Relations”
tab. The provided documents and accompanying supporting documents are not comprehensive or complete and the full case docket is
available from the Public Access to Court Records (PACER) website. Power REIT encourages interested parties to review all the
public filings available on PACER and to review the risks and disclosures in Power REIT’s Annual Report filed on Form 10-k
and other documents filed from time to time with the Securities and Exchange Commission (SEC).
Item
8.01 – Declaration of Dividend
On
January 26, 2016, the Registrant declared a quarterly dividend of $0.48375 per share on Power REIT’s 7.75% Series A Cumulative
Redeemable Perpetual Preferred Stock payable on March 15th, 2016, to shareholders of record on February 15th,
2015.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:
January 26, 2016
Power
REIT |
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By: |
/s/
David H. Lesser |
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David
H. Lesser |
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Chairman,
CEO, Secretary, & Treasurer |
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