Power REIT’s activist group holds 39,921 Series A preferred shares, equal to 11.85% of the class, with activist intent under Schedule 13D. The group says its voting position exists solely to exercise preferred-holder rights, including matters governed by the Articles Supplementary and potential board appointment actions.

Key Highlights

  • The two Cacciapaglia trusts beneficially own 13,311 Series A preferred shares, while David Cacciapaglia owns that position indirectly.
  • Power REIT’s Series A preferred stock carries a $25 Liquidation preference per share.
  • Bradley & Daytona Railway and Land Co. LLC, Alexander Kachmar, two Cacciapaglia trusts and David Cacciapaglia are identified as the reporting persons behind the Power REIT activist stake.

Power REIT (AMEX: PW) has an activist group holding 39,921 Series A Cumulative Redeemable Perpetual Preferred Stock shares, representing 11.85% of the class. The group says its voting group was formed solely to exercise rights attached to the preferred stock under the Articles Supplementary.

Reported Preferred Purchases

The position was reported on Aug 27, 2026. The Series A securities have a $25 liquidation preference per share. The reported ownership percentage is calculated for the outstanding Series A preferred stock class.

Governance Rights In Focus

The group’s stated purpose is limited to exercising rights of Series A preferred holders under the governing Articles Supplementary. Its accompanying correspondence sets out a proposed board appointment and governance agreement as one route. The correspondence also calls for a preferred stockholder special meeting to address Trustee appointments if the agreement is not completed. The group says its legal counsel is prepared to seek a Maryland court order compelling Power REIT to call the meeting and comply with the preferred-holder rights.

Peers Moving on This News