ExchangeRight Income Fund: amends partnership agreement to add Class T common units

What happened

• ExchangeRight Income Fund filed a Current Report on Form 8-K on Oct 6, 2026 reporting that, on Oct 2, 2026, it entered into an amendment to the Amended and Restated Limited Partnership Agreement of ExchangeRight Income Fund Operating Partnership, LP to classify and designate a new class of common units designated as Class T Common Units.
• The Company is the general partner of the Operating Partnership, the amendment became effective upon execution and did not require the approval of the limited partners.

Key details

• Each Class T Common Unit corresponds to a Class D Common Share of the Company and is a Junior Unit under the Partnership Agreement.
• Holders are entitled to a fixed distribution equal to $1.650691 per annum per Class T Common Unit, payable monthly; the rate will be adjusted pro rata if the Company changes the per share dividend on Class I Common Shares.
• Class T Common Units automatically convert, on a 1:1 basis, into Class D Common Units upon a defined "Conversion Event" (for example, a listing on a national securities exchange or certain mergers or transfers), unless the general partner elects otherwise at least five days before the event.
• Holders have redemption rights as set forth in Section 8.5 of the Partnership Agreement; for redemption purposes the corresponding class of Company shares is the Class D Common Shares. The amendment was authorized under Section 4.3 of the Partnership Agreement.

Why it may matter

• Item 1.01 (entry into a material definitive agreement) was reported; the filing covers the amendment that creates and defines the rights, preferences, distributions, conversion and redemption terms for the new Class T Common Units.
• The filing does not show why the company acted.