ExchangeRight Income Fund Reports Private Offering & July 2026 Dividends

What Happened
ExchangeRight Income Fund filed an 8-K on August 25, 2026 disclosing the status of its continuous private placement (up to $2.165 billion) and dividend activity for July 31, 2026. As of July 31, 2026 the Company reported 16,766,898 Common Shares outstanding and 19,899,631 Common Shares issued across its share classes in the Private Offering, raising $545,065,000 to date. The Company declared a dividend of $0.1449 per share for each class of Common Shares on July 31, 2026, which was paid in cash or reinvested under the Company’s Dividend Reinvestment and Direct Share Purchase Plan (DRIP) on August 14, 2026.

Key Details

• Private offering cap: up to $2.165 billion of Common Shares (continuous private placement).
• Amount raised to date (as of July 31, 2026): $545,065,000; Common Shares outstanding: 16,766,898; Common Shares issued: 19,899,631.
• No Class S or Class ER-S Common Shares had been issued as of July 31, 2026.
• Dividend declared: $0.1449 per share on July 31, 2026; payable to holders of record after close of business July 31, 2026 and paid/reinvested August 14, 2026.
• DRIP activity (inception through July 31, 2026): 480,305 Common Shares issued via reinvestment totaling $12,978,000 (Class I: 246,937 shares / $6,671,000; Class A: 231,967 shares / $6,268,000; Class D: 1,401 shares / $39,000).
• For the July 31, 2026 distribution, participants elected to reinvest 10.0% of aggregate declared dividends on Common Shares and distributions on certain OP Units into Common Shares.

Why It Matters
This filing gives investors a snapshot of capital raised so far under the ongoing private offering (about $545.1M of a $2.165B program) and the Company’s current share counts by class. The declared dividend ($0.1449/share) and the DRIP reinvestment activity (10% election for the July distribution; $13.0M reinvested since DRIP inception) are useful for assessing near-term cash payouts versus equity reinvestment. Continued issuance under the private offering would increase the Company’s capital base but could dilute existing holders if and when additional shares are issued.