Material Event (Form 8-K)

Item 8.01 Other Events.

Status of Private Offering

Share Issuance

ExchangeRight Income Fund, doing business as ExchangeRight Essential Income REIT (the "Company"), is currently conducting a private placement offering on a continuous basis of up to $2.165 billion of common shares of beneficial interest ("Common Shares") pursuant to which the Company is offering its Class I Common Shares, Class A Common Shares, Class S Common Shares, Class D Common Shares, Class ER-I Common Shares, Class ER-A Common Shares, Class ER-S Common Shares, and Class ER-D Common Shares (the "Private Offering"). As of the date of this report, the Company has not issued any Class S or Class ER-S Common Shares in the Private Offering. The following table lists the Common Shares outstanding, Common Shares issued, and total capital raised for each class of Common Shares as of February 28, 2026:

February 2026 Dividends

On February 28, 2026, the Company declared dividends in the amount of $0.1449 per share for each class of its Common Shares then outstanding. The dividends for each class of Common Shares then outstanding were payable to shareholders of record immediately following the close of business on February 28, 2026 and will be paid in cash or reinvested in the Company's Common Shares through the Company's Second Amended and Restated Dividend Reinvestment and Direct Share Purchase Plan ("DRIP") on March 13, 2026.

Dividend Reinvestment and Direct Share Purchase Plan

For the February 28, 2026 declared dividends described above, holders of Common Shares and holders of Class I and Class A 721 Common Units ("OP Units") of ExchangeRight Income Fund Operating Partnership, LP, a Delaware limited partnership, the ("Operating Partnership") have elected 11.5% of the aggregate declared dividends on Common Shares and distributions on Class I and Class A 721 OP Units to be reinvested back into the Company's Common Shares based on elections by the individual shareholders and unitholders pursuant to the DRIP. These distributions will be reinvested in the Company's Common Shares on March 13, 2026.

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The following table lists the Common Shares issued and total dividends reinvested under the DRIP from inception of the DRIP through February 28, 2026 for each class of Common Shares:

The DRIP generally permits shareholders of the Company to elect to have some or all of their cash dividends in respect of the shareholder's Common Shares to be automatically reinvested in additional Common Shares. Any cash dividends attributable to the class of Common Shares owned by participants in the DRIP will be reinvested in Common Shares on behalf of the participant on the business day such dividends would have been paid to such investor. In addition, holders of (a) Class I and Class A 721 OP Units and Class ER-I Common Shares may elect to reinvest their cash distributions into our Class I Common Shares, (b) Class ER-A Common Shares may elect to reinvest their cash distributions into our Class A Common Shares, (c) Class ER-S Common Shares may elect to reinvest their cash distributions into our Class S Common Shares and (d) Class ER-D Common Shares may elect to reinvest their cash distributions into our Class D Common Shares.