We are pleased to announce that Pennsylvania Real Estate Investment Trust (the "Trust") has initiated a Distribution Reinvestment and Share Purchase Plan (the "Plan"). The Plan provides participants with the opportunity to make optional cash payments, ranging from $250 to $5,000 per month, for the purchase of shares at a discounted price. Optional cash payments in excess of $5,000 per month can only be made pursuant to an accepted Request for Waiver.

Offers and sales of shares are only made pursuant to the Plan Prospectus, a copy of which can be obtained by following the link to the SEC EDGAR database. If you are interested in making optional cash payments under the Plan, you should read the Plan Prospectus carefully for more complete information about the Trust and the Plan.

In order to make optional cash payments in excess of $5,000 per month, you must fax a completed Request for Waiver Form to Investor Relations at (215) 546-2504. If the Request for Waiver Form is accepted by the Trust, it will be faxed back to you. The accepted Request for Waiver Form, along with your payment, should be forwarded to Equiniti Trust Company ("Equiniti"). If this is your initial investment, you must also complete the Authorization Form for New Investors and forward to Equiniti, along with the Request for Waiver Form.

For a complete listing of Optional Cash Payment Due Dates, see Schedule A of the enclosed Plan Prospectus. The threshold price, if any, and the discount, if any, are typically determined at least two days prior to the Optional Cash Payment Due Date. Please call (866) 875-0700 ext: 767 or (215) 875-0767 for this information.

We appreciate your interest in Pennsylvania Real Estate Investment Trust.

Authorization Form | Plan Features

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