ExchangeRight Income Fund Updates Private Offering; Declares Aug 31, 2026 Dividends

What Happened

• ExchangeRight Income Fund filed an 8‑K on September 21, 2026 reporting progress on its continuous private placement and declaring dividends for August 31, 2026. The private offering remains open for up to $2.165 billion of Common Shares. As of August 31, 2026 the Company reports $546,749,000 of capital raised.
• The Company declared a dividend of $0.1449 per share for each class of Common Shares outstanding on August 31, 2026; dividends were paid in cash or reinvested under the Company’s Second Amended and Restated Dividend Reinvestment and Direct Share Purchase Plan (DRIP) on September 15, 2026.

Key Details

• Private offering size: up to $2.165 billion; capital raised through Aug 31, 2026: $546,749,000.
• Total Common Shares outstanding (all classes): 16,825,212; total Common Shares issued in the offering: 19,957,946 (as of Aug 31, 2026).
• No Class S or Class ER‑S Common Shares had been issued as of Aug 31, 2026.
• DRIP activity through Aug 31, 2026: 496,825 Common Shares issued via reinvestment, totaling $13,429,000; 9.2% of the aggregate declared dividends/distributions for Aug 31, 2026 were elected for reinvestment.

Why It Matters

• Capital raise progress: The filing shows the Fund has raised about $546.7M toward its $2.165B private offering, which affects available capital for acquisitions and operations and could lead to future share issuance.
• Income and reinvestment: The declared $0.1449 per‑share dividend and a 9.2% DRIP election rate show current cash distributions and some shareholder preference to compound via reinvestment, which increases outstanding share count and can dilute per‑share metrics modestly over time.
• Operational transparency: The update provides concrete share counts and capital figures investors can use to monitor dilution, dividend consistency, and fund growth without introducing new strategy changes or management departures.