ExchangeRight Income Fund 8-K

What Happened ExchangeRight Income Fund (d/b/a ExchangeRight Essential Income REIT) filed an 8-K on March 12, 2026 reporting the status of its ongoing private placement offering (up to $2.165 billion) and declaring February 28, 2026 dividends of $0.1449 per share for each class of Common Shares. As of February 28, 2026 the Private Offering has raised $522,747,000 with 19,116,202 Common Shares issued (16,535,893 outstanding). The Company noted it has not issued any Class S or Class ER‑S Common Shares to date. Dividends were payable to shareholders of record on February 28, 2026 and will be paid in cash or reinvested under the Company’s Dividend Reinvestment and Direct Share Purchase Plan (DRIP) on March 13, 2026.

Key Details

• Private Offering cap: up to $2.165 billion; amount raised as of Feb 28, 2026: $522,747,000.
• Shares (total issued across classes) as of Feb 28, 2026: 19,116,202; outstanding: 16,535,893.
• Dividend declared: $0.1449 per share (declared Feb 28, 2026; payable/reinvestable Mar 13, 2026).
• DRIP activity: 11.5% of the aggregate Feb 28, 2026 dividends/distributions elected for reinvestment; since DRIP inception through Feb 28, 2026 the Company issued 400,901 shares via DRIP totaling $10,810,000.

Why It Matters This filing gives investors an update on capital-raising progress and cash return policy. The private offering shows meaningful—but partial—capital deployment toward the $2.165B target, which can support acquisitions or other REIT activities. The declared dividend and DRIP elections affect near-term cash distributions: a portion (11.5% for this dividend) will be reinvested into additional shares rather than paid in cash, and accumulated DRIP issuances represent $10.81M of reinvested capital to date. Investors should note potential dilution from future share issuances under the private offering and DRIP, and review the company’s other SEC filings for additional context and risk disclosures.