written by reader Cant exercise PW rights (US)

By Dutta, January 13, 2021

Tried to do it with my broker and got this notice. Would appreciate it
” Regarding the exercise request on Power REIT entered today. The request was unfortunately not able to be processed due the following:

Completion of the exercise would be facilitating a direct investment of funds into a cannabis company which is prohibited by NFS’s policy on Marijuana related businesses, which is based upon Federal guidelines.

As a result this offering this will not be open to accounts that hold these
subscription rights.”

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