The Board of Trustees of Power REIT received by email a resignation letter from Paula Poskon, a member of the Board of Trustees pursuant to which Ms. Poskon resigned as a member of the Board of Trustees effective immediately. Prior to such resignation, Ms. Poskon served as a member of the Board of Trustees' Audit Committee. Ms. Poskon also had served as the Chair of the Board of Trustees' Nominating Committee until she was removed on March 10, 2022 as a member of the Nominating Committee.